To foster the transition to a net-zero economy @EU_Commission has adopted a new State aid Temporary Crisis & Transition Framework.
Together with the amendment to the General Block Exemption Regulation it will help speeding up investment & financing for clean tech prod in Europe
🐦🔗: https://n.respublicae.eu/MamerEric/status/1633860858047504387
It will prolong until end 2025 the provisions to:
🔹accelerate the rollout of renewable energy and energy storage
🔹strengthen the decarbonisation of industrial production processes
🐦🔗: https://n.respublicae.eu/MamerEric/status/1633860861025714179
& introduce new measures crucial for the transition to net-zero economy
🔹enabling investment support for the manufacturing of strategic equipment (batteries, solar panels, wind turbines, etc. ) & related key components
🔹fostering production or recycling of related raw materials
🐦🔗: https://n.respublicae.eu/MamerEric/status/1633860863659585537
➡️More information on the Temporary Crisis Framework can be found here: https://ec.europa.eu/commission/presscorner/detail/en/ip_23_1563
🐦🔗: https://n.respublicae.eu/MamerEric/status/1633860866314588160