Factsheet: Environmental Aid Scheme 2014-2020

Environmental Aid Scheme 2014-2020

Key Information

Country/Region:

Full name of Instrument & Measure (English): 
Environmental Aid Scheme 2014-2020
Description: 
The objective of this scheme is to incentivise and accelerate investment in initiatives that will encourage undertakings to comply with new Union standards not yet in force for environmental protection; to improve energy efficiency; to promote the uptake of energy from renewable sources and to encourage the carrying out of environmental studies. The average annual budget of this Scheme shall not exceed EUR 150 million. Investment aid for the production of biofuels shall be granted to the extent that the aided investments are used for the production of sustainable biofuels other than food – based biofuels. Aid shall be granted for biofuels which are subject to a supply or blending obligation. The aid shall be granted to new installations only.
Goal/Aim: 
stimulate environmental investments
Responsible Authority: 
Department of Jobs, Enterprise and Innovation

Status:

Year Instrument & Measure Started: 
2014