Hereu announces that in 2025 the Government will contribute 600 million euros to the electro-intensive industry to offset CO2 emissions, double the amount in 2024

The Minister for Industry and Tourism, Jordi Hereu, during the closing ceremony of the UGT-FICA Congress in Malaga

In 2025, the Ministry of Industry and Tourism will allocate 600 million euros to the offsetting mechanism for the costs of indirect greenhouse gas emissions. This aid scheme is aimed at companies in certain industrial sectors and sub-sectors that are considered to be exposed to a significant risk of "carbon leakage".

The Minister for Industry and Tourism believes that this is a decision of enormous importance and an effort that will be maintained in the coming years, with which the Government of Spain wants to continue helping the electro-intensive industry in the energy transition while ensuring its competitiveness, production and industrial employment in Spain.

Since 2019, the Government has allocated nearly 900 million euros to offset C02 emissions costs, rising from 6 million euros in 2018 to 300 million euros this year, which has benefited more than 200 electro-intensive companies.

Jordi Hereu made this announcement during the closing ceremony of the UGT-FICA Congress in Malaga, where he acknowledged the contribution of the trade unions in the process of reindustrialisation and transformation of industry. For the minister, a useful and responsible trade unionism is a major asset for national industrial policy.

Hereu reviewed the major milestones known this week, such as the agreement to invest 4.1 billion euros in a new battery plant in Figueruelas, The Economist's praise of the Spanish economy, and the approval of the Law on Industry and Strategic Autonomy.

In this sense, the minister expressed his conviction that this law is going to be an extremely important tool for working towards cohesion between the different sectors and for placing Spanish industry and its workers in the best possible position. That is why he hopes that a major parliamentary agreement can be reached to soon have a law that strengthens and updates the industry in Spain.

Non official translation