Greece

Ministerial Decision (21906) on the Compensation to those carbon intensive industries (sectors and sub-sectors) exposed to carbon leakage caused by the indirect costs of the EU Emissions Trading Scheme (as defined in the Directive 2009/29/EC)

Legislative
Law
Passed in 2014
This is a joint decision among the Ministry of Economics, the Ministry of Competitiveness and Development and the Ministry of Environment, Energy and Climate Change having regard to national and European legislation. The aim of this decision is to compensate those electricity intensive industries which are at risk of carbon leakage due to the EU ETS. Only specific industries (listed in the Appendix 1 of the Ministerial Decision) are entitled to compensation. The appropriate national body to provide these compensations is the Operator of the Electricity Market (OEM). The financial aid comes from the revenue raised from the carbon market and it cannot exceed the 20% of this revenue.

Documents
from the Grantham Research Institute
from the Grantham Research Institute
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