The scheme, approved under EU state aid rules, will provide compensation for the energy price hike resulting from indirect emission costs under the EU Emission Trading System (ETS).
According to EC Executive Vice-President Margrethe Vestager, who is in charge of competition policy, the measure will allow Czech Republic to reduce the risk of carbon leakage for its energy-intensive industries while maintaining the incentives for a cost-effective decarbonization of its economy.
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