EU clears Spanish plan for green cars
"This (measure) will allow important investments for the future low carbon economy which could have been put on hold due to the financial and economic crisis," Competition Commissioner Neelie Kroes said in a statement.
Under the temporary scheme, Spanish authorities may provide subsidized loans until the end of 2009 with a maximum term of two years to the car and car component industry for investments in products that meet EU environmental product standards.
Last month, the Spanish government approved a 4 billion euro ($5.3 billion) package to support its auto industry after layoffs and stoppages at plants. The Commission had already said this scheme and another car aid plan from Italy did not breach EU state aid or internal-market rules.
Related News
SDG&E Wants More Money From Customers Who Don’t Buy Much Electricity. A Lot More.
SAN DIEGO - The utility San Diego Gas & Energy has an aggressive proposal pending before the California Public Utilities Commission: It wants to charge most residential customers a minimum bill of $38.40 each month, regardless of how much energy they use. The costs of this policy would hit low-income customers and those who generate their own energy with rooftop solar. We’re urging the Commission to oppose this flawed plan—and we need your help.
SDG&E’s proposal is bad news for sustainable energy. About half of the customers whose bills would go up under this proposal have rooftop solar. The policy would…
