| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/14/400 (09.04.14) |
| Publication Date | 09/04/2014 |
| Content Type | News |
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On 9 April 2014, the European Commission adopted new rules on public support for projects in the field of environmental protection and energy. The guidelines will support Member States in reaching their 2020 climate targets, while addressing the market distortions that may result from subsidies granted to renewable energy sources. To this end, the guidelines promote a gradual move to market-based support for renewable energy. They also provide criteria on how Member States can relieve energy intensive companies that are particularly exposed to international competition from charges levied for the support of renewables. Furthermore, the guidelines include new provisions on aid to energy infrastructure and generation capacity to strengthen the internal energy market and ensure security of supply. Prior to this decision, Germany and the EU had agreed that Germany’s multi-billion-euro exemption of heavy industry from green energy charges did not violate EU rules on industry rebates. Both sides agreed to keep the energy price breaks, but on a smaller scale, putting an end to an ongoing dispute on the issue. |
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| Source Link | Link to Main Source http://europa.eu/rapid/press-release_IP-14-400_en.htm |
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| Subject Categories | Environment, Internal Markets |
| Countries / Regions | Europe |
