The EU’s clean industrial subsidy framework leaves room for gas
The European Commission released its highly anticipated subsidy framework on 25 June, setting out how EU state aid can be dished out for the next five years. The clean industrial state aid framework, a key plank of decarbonisation goals, covers everything from nuclear, to clean technology manufacturing, to de-risking private investments in energy infrastructure. Perhaps most controversially, it allows public subsidies to go to a fossil fuel, albeit setting a 2040 phase-out date.