Recovery Plan aims to cut emissions by 2.6 mn tonnes annually by 2026

Recovery Plan aims to cut emissions by 2.6 mn tonnes annually by 2026

A state contribution for the decarbonisation of industry worth €350 million should cut carbon-dioxide equivalent (CO2-eq) emissions by at least 2.6 million tonnes annually by 2026, according to the Recovery and Resiliency Plan that the Finance Ministry has submitted for comments. Via the draft, the ministry is attempting to cut greenhouse gas effects to the maximum possible extent in light of the allocated €350 million. It plans to support projects where the costs of cutting annual greenhouse gas emissions do not exceed €444 per tonne. The cap for financing the projects under the Recovery Plan should be set at 30 percent of overall investment costs.

Companies will be able to apply for the money in the second or third quarter of 2022 at the very latest.

Romana Grajcarová, Photo: TASR

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