{"id":2707,"date":"2024-11-22T07:00:27","date_gmt":"2024-11-22T07:00:27","guid":{"rendered":"https:\/\/ofero.news\/?p=2707"},"modified":"2024-11-22T07:00:27","modified_gmt":"2024-11-22T07:00:27","slug":"ec-allows-romania-to-pay-subsidies-to-energy-intensive-industrial-consumers","status":"publish","type":"post","link":"https:\/\/ofero.news\/?p=2707","title":{"rendered":"EC allows Romania to pay subsidies to energy-intensive industrial consumers"},"content":{"rendered":"<p>The government of Romania obtained the European Commission&#8217;s green light to implement a RON 2.9 billion grant scheme aimed at the energy-intensive industrial companies hit by the green policies of the European Union.\u00a0<\/p>\n<p>The state aid and the brown energy taxation are expected to balance each other, in a fine-tuned strategy aimed at achieving climate neutrality and economic growth at the same time.<\/p>\n<p>In essence, the state aid scheme aims at shifting the financing of green energy investments from the pocket of the energy-intensive companies (some of which can no longer afford to pay the &#8216;green certificates&#8217;) to the pocket of the public budget.<\/p>\n<p>The scheme will run until December 31, 2031, so it&#8217;s not a short-term patch, <a href=\"https:\/\/www.zf.ro\/zf-24\/comisia-europeana-aproba-o-schema-de-ajutoare-de-stat-in-valoare-de-22567853?mc_cid=44675bb56a&amp;mc_eid=cd1f92f96c\" target=\"_blank\">Ziarul Financiar<\/a> reported.<\/p>\n<p>The state aid scheme is aimed at reducing the level of electricity taxation for large energy-consuming enterprises, set up to promote electricity from renewable sources.\u00a0<\/p>\n<p>In its turn, the state aid scheme aims to mitigate the risk that, because of the brown energy tax, large energy-consuming companies will move their activities to places outside the EU with less ambitious climate policies, the Commission explains.<\/p>\n<p>Beneficiaries of the state aid scheme will benefit from a tax reduction between 75% and 85%, depending on their &#8220;exposure to risk [of competition from outside players&#8217;.&#8221; The applicable reduction must not result in a charge of less than EUR 0.5\/MWh.<\/p>\n<p>In turn, beneficiaries will either have to implement certain recommendations made following the energy audit or cover at least 30% of electricity consumption from sources that do not produce carbon dioxide emissions, or invest at least 50% of the aid in projects that lead to substantial reductions in the installation&#8217;s greenhouse gas emissions.<\/p>\n<p><em>iulian@romania-insider.com<\/em><\/p>\n<p><em>(Photo source: <a href=\"https:\/\/www.dreamstime.com\/\" target=\"_blank\">Cineberg Ug\/Dreamstime.com<\/a>)<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>The government of Romania obtained the European Commission&#8217;s green light to implement a RON 2.9 billion grant scheme aimed at the energy-intensive industrial companies hit by the green policies of the European Union.\u00a0 The state aid and the brown energy taxation are expected to balance each other, in a fine-tuned strategy aimed at achieving climate [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2707","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/2707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2707"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/2707\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}