European Union Gazettes EC Decision Approving Italy Regime Under Clean Industrial Deal State Aid Framework

The European Union Official Gazette March 6 published the European Commission (EC) decision on State Aid Case No. SA.120488, approving Italy’s aid regime under the Clean Industrial Deal State Aid Framework (CISAF). The decision includes measures: 1) setting an estimated budget of 1.5 billion euros (US$1.7 billion); 2) authorizing the aid until Dec. 31, 2030; 3) allowing aid for undertakings of all sizes, excluding undertakings in difficulty or those subject to outstanding recovery orders; 4) requiring that investment projects add manufacturing capacity for clean technology final products, or the production or recovery of related critical raw materials; 5) capping aid ...