12
Dec
00:00
EU court says no to Austria's help for energy-intensive sector
The General Court of the European Union in Luxembourg ruled on 11 December that the Austrian Green Electricity Act constitutes state aid for energy intensive businesses and is therefore 'unlawful'.
Under the Renewable Energy Directive passed in 2009, European member nations must comply with mandatory national targets for green energy by 2020. Austria fixed its target at 34% and developed a program to allow renewable-energy providers to sell power to …
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Anonymous
Very good overview of the weekly steel market.
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