Environmental Aid

Environmental Aid refers to financial support provided by governments to companies, aimed at promoting environmentally friendly practices and sustainable development. Under State Aid Law, this type of aid is regulated to ensure it does not distort competition in the market. It encourages businesses to invest in eco-friendly technologies, reduce pollution, and comply with environmental regulations. By facilitating such initiatives, governments can help address climate change and promote greener economies while ensuring that the aid aligns with fair competition rules within the European Union.