The Commission proposed measures to close loopholes to prevent circumvention and strengthen the effectiveness of the EU’s Carbon Financial Mechanism (CBM), in response to comments received from industry. From 1 January 2028, the scope of the CBFF will be extended to include certain steel- and aluminium-intensive downstream products. The Commission also proposes measures to close […]
Commission approves Spanish state aid scheme to support decarbonisation
The European Commission has approved a Spanish scheme worth €408 million to support the decarbonisation of the manufacturing industry, in line with the objectives of the Clean Industry Pact. This measure, which will contribute to the transition towards a zero net emission economy, is financed under the Recovery and Resilience Mechanism. The scheme has been […]
Commission strengthens Europe’s chemical industry
Last July 8, the European Commission presented an Action Plan for the Chemicals Industry to strengthen the competitiveness and modernisation of the EU chemical sector. The Action Plan addresses key challenges, namely high energy costs, unfair global competition, and weak demand, while promoting investment in innovation and sustainability. The Action Plan is accompanied by a […]
Clean Industrial Pact must reconcile competitiveness and climate action
The Industrial Decarbonisation Bank and the Affordable Energy Action Plan are crucial for the competitiveness and resilience of European industry, says the EP. The resolution adopted by the plenary on Thursday is a response to the European Commission’s Clean Industrial Pact Plan. It stresses the need to combine climate action with industrial competitiveness. It also […]