Policy status:Ended
Date Effective:2014
Date Amended:

First Stage:  04/05/2015 - 03/06/2015  

Second Stage:  Will be Announced

Date Ended:2015
Policy Type:Economic Instruments>Market-based instruments, Economic Instruments>Fiscal/financial incentives>Grants and subsidies
Climate Change Policy Targets:Industry, Small and Medium sized Enterprises (SMEs), Industry, Energy-intensive
Agency:Ministerio de Industria, Energía y Turismo (MINETUR), Dirección General de industria de la Pequeña y Mediana Empresa
Legal References:Real Decreto 1055/2014, de 12 de diciembre and Orden IET/697/2015, de 13 de abril
Climate Change Description:

Compensation mechanism for indirect GHG emission costs  in certain industrial sectors and subsectors to which it is considered exposed to a significant risk of 'carbon leakage'. The procedure will be a concurrence bid.  The price within the allowances of the European Union for 2014 was of €6.18/ tCO2, according to the calculation method set out in Annex definition of Royal Decree 1055/2014, of 12 December. "Carbon leakage" can occur when business competitors from other countries do not face the same CO2 costs, e.g. in electricity prices, and results in losing market share. This compensation mechanism aims reduce or avoid companies' exposure to carbon leakage through the form of a grant.

Related policies:Adoption of the EU Directive on Emissions Trading

Last modified: Tue, 07 Jun 2016 17:51:02 CEST