EUROPEAN FISCAL: DE 2025 Budget Gap Grows; Political Risk Is Rising

MNI: Canada Apr-Aug Budget Deficit Doubles On Spending

CANADA SEPT FLASH RETAIL SALES +0.4%, AUG SALES +0.4%

MNI China Daily Summary: Friday, October 25

MNI BRIEF: China's Next NPC Meeting Scheduled For Nov 4 to 8

MNI: PBOC Net Injects CNY184.2 Bln via OMO Friday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL OCT INDEX 70.5

MNI: BELGIUM OCT BNB BUSINESS SURVEY -12.8

CANADA: Politics Week: Trudeau Facing More Internal Dissent And Departures

CANADA: Politics Week: Trudeau Faces More Pressure To Resign

CANADA: Politics Week: Parliament Opens With Early Election Threats

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EMISSIONS: EC Approves €724M Danish Aid Scheme to Curb Carbon Leakage Risks

EMISSIONS
BulletPower BulletsEnergy BulletsCommodities

The EC has approved a €724mn Danish State aid scheme to reduce greenhouse gas tax rates for companies at risk of carbon leakage, aiming to prevent them from relocating to countries with weaker climate policies that would raise global emissions, it said.

  • Companies that are subject to the EU ETS, operating in sectors listed in the EU Carbon Leakage List, and emitting CO2 through eligible production processes are eligible.
  • Qualified companies will pay 33% of the standard tax rate.
  • The scheme will run until 31 December 2033. 
84 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The EC has approved a €724mn Danish State aid scheme to reduce greenhouse gas tax rates for companies at risk of carbon leakage, aiming to prevent them from relocating to countries with weaker climate policies that would raise global emissions, it said.

  • Companies that are subject to the EU ETS, operating in sectors listed in the EU Carbon Leakage List, and emitting CO2 through eligible production processes are eligible.
  • Qualified companies will pay 33% of the standard tax rate.
  • The scheme will run until 31 December 2033.