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EU Commission approves Danish tax reduction scheme for companies at risk of 'carbon leakage'

( October 25, 2024, 09:45 GMT | Official Statement) -- MLex Summary: Denmark's 724 million euro greenhouse gas tax reduction scheme for companies at risk of "carbon leakage" has been approved by the European Commission. The regulator found it acceptable under the EU's state aid rules because it promotes decarbonization while keeping distortions of competition "to the minimum." Carbon leakage is where companies relocate production outside of the EU to countries with less ambitious climate policies, resulting in increased greenhouse gas emissions globally....

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