ADVERTISEMENT
  • News
  • Technology
  • Culture
  • Entertainment
  • Sport
  • Travel
  • Music
  • More
    • Politics
    • Lifestyle
    • TV
    • Games
Friday, September 22, 2023
  • Login
No Result
View All Result
NEWSLETTER
FINCHANNEL
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • America
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • CityLife
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • America
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • CityLife
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
No Result
View All Result
FINCHANNEL
No Result
View All Result
Home WORLD Europe

Commission approves Euro 300 million German aid scheme to support transition to sustainable local public transport

The FINANCIAL by The FINANCIAL
December 22, 2020
in Europe
Reading Time: 2 mins read
A A
0
Share on FacebookShare on Twitter

RelatedPosts

Inland waterway transport hits a decade low in 2022

EU produced 14.7 million bicycles in 2022

Majority in EU use internet-connected TV

How often did Europeans consult a doctor in 2021?

ADVERTISEMENT

The FINANCIAL — The European Commission has approved, under EU State aid rules, a Euro 300 million German scheme to support innovative projects aimed at strengthening sustainable local public transport through investment and innovation. The scheme will contribute to the achievement of the EU’s environmental and climate goals, without unduly distorting competition.

Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “With this Euro 300 million scheme, Germany will support innovative projects that will contribute to the transition from private motorised transport to sustainable local public transport. The scheme will foster the reduction of carbon emissions through sustainable mobility and the rolling out cleaner and cheaper forms of public transport, in line with the important objectives of the European Green Deal”.

Germany notified the Commission of its plans to introduce an aid scheme to support local public transport in Germany. The scheme is expected to increase coordination of local public transport and further improve the modal split (i.e. the distribution of transport over different transport modes) in favour of local public transport.

Support under the scheme, which has an estimated budget of Euro 300 million for the period 2020-2023, will be accessible to innovative projects aiming at favouring local public transport over other more polluting means of transport and to promote the transition from private motorised transport to more climate-friendly sustainable public transport. This is particularly important, given the increasing innovation gap and funding gap identified by Germany in this area.

The Commission assessed the measure under EU State aid rules, in particular Article 93 TFEU. Its assessment found that the measure is necessary and proportionate since the amount of aid is limited compared to the overall cost of local public transport in Germany (Euro 24.5 billion per year). Furthermore, the maximum aid per project is set at Euro 30 million and a recovery mechanism is foreseen in the event of non-compliance by the selected projects with the eligibility conditions following the granting of the aid.

The Commission also found that the measure has an incentive effect since the projects would not be carried out in the absence of the public support and that the scheme will contribute to the coordination of local public transport.

The Commission concluded that the scheme will contribute to the objectives of the European Green Deal, as it will reduce carbon emissions through sustainable mobility and by rolling out cleaner, cheaper and healthier forms of public transport, without unduly distorting competition.

On this basis, the Commission approved the German scheme under EU State aid rules.

The non-confidential version of the decision will be made available under the case number SA.57783 in the State aid register on the Commission’s competition website once any confidentiality issues have been resolved. New publications of State aid decisions on the internet and in the Official Journal are listed in the Competition Weekly e-News.

Tags: The European Commission has approvedunder EU State aid rules
ADVERTISEMENT
The FINANCIAL

The FINANCIAL

Since 2005

Related Posts

Europe

Inland waterway transport hits a decade low in 2022

by Zviad Pochkhua
September 14, 2023
0

© MyStockVideo/Shutterstock.com Between 2012 and 2022, transport activity on the EU’s inland waterways was volatile. Since 2017, the data have...

Read more
EU produced 14.7 million bicycles in 2022

EU produced 14.7 million bicycles in 2022

September 14, 2023
Global internet inclusion could lift 500m out of poverty, and add over $6trn to global GDP

Majority in EU use internet-connected TV

August 30, 2023
Southern and Mediterranean Europe, North Africa and the Middle East drive tourism growth through October 2017

How often did Europeans consult a doctor in 2021?

August 30, 2023
Next Post

OSCE national workshop promotes social re-use of confiscated assets in Bosnia and Herzegovina

Bayer sells a facility at its Wuppertal site to WuXi Biologics

Stanford researchers develop lab-on-a-chip that turns blood test snapshots into continuous movies

Please login to join discussion
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Find Social Security Number by Name Free

Find Social Security Number by Name Free

November 23, 2022
Alejandro Betancourt López

Alejandro Betancourt López Credits Social Media With the Success of Hawkers

November 1, 2022
Employee Well-being as one of the main directions of corporate sustainability in the “Smart Capital Group” company

Employee Well-being as one of the main directions of corporate sustainability in the “Smart Capital Group” company

August 14, 2023
Download ePaper | archive of print editions

Unleashing the Power of Firestarter SEO in Denver

August 18, 2023
7 Vital Skills For A Successful Career In Finance

Survey of 249 Senior Enterprise Risk Executives Reveals Top 5 Emerging Risks in the Second Quarter of 2023

August 20, 2023
Why You Need to Have Emergency Savings

11 Money Management Tips For Financial Security

September 14, 2023

Inland waterway transport hits a decade low in 2022

September 14, 2023
EU produced 14.7 million bicycles in 2022

EU produced 14.7 million bicycles in 2022

September 14, 2023
Business investment rate stable at 23.0% in the euro area

A Rundown of the Latest Investment Trends in Health Care

September 14, 2023
How to optimize business costs with Intranet implementation?

Maintaining Accuracy and Compliance: Why Expert Accounting and Bookkeeping Services Matter

September 14, 2023

Popular Last 24h

  • AI can create contact center efficiencies without cutting jobs, says Afiniti CEO

    AI can create contact center efficiencies without cutting jobs, says Afiniti CEO

    0 shares
    Share 0 Tweet 0
  • Credit quality concerns lead to higher provisions at US banks

    0 shares
    Share 0 Tweet 0
  • QNET’s CEO Malou Caluza Reinforces Anti-Scam Message

    0 shares
    Share 0 Tweet 0
  • Survey of 249 Senior Enterprise Risk Executives Reveals Top 5 Emerging Risks in the Second Quarter of 2023

    0 shares
    Share 0 Tweet 0
  • How to Check KRA Pin Using ID Number

    0 shares
    Share 0 Tweet 0
  • New Expression of Rolls-Royce Phantom Makes Its Debut in Georgia

    0 shares
    Share 0 Tweet 0
  • Unexpected High Demand – Tsavkisi Panorama Project in Tbilisi Completes One Year Earlier

    0 shares
    Share 0 Tweet 0

LATEST POSTS

Why You Need to Have Emergency Savings

11 Money Management Tips For Financial Security

September 14, 2023

Inland waterway transport hits a decade low in 2022

September 14, 2023
EU produced 14.7 million bicycles in 2022

EU produced 14.7 million bicycles in 2022

September 14, 2023
Business investment rate stable at 23.0% in the euro area

A Rundown of the Latest Investment Trends in Health Care

September 14, 2023
How to optimize business costs with Intranet implementation?

Maintaining Accuracy and Compliance: Why Expert Accounting and Bookkeeping Services Matter

September 14, 2023
13 Years Ago, Lady Gaga Stunned the VMAs (and the World) With Her Meat Dress

13 Years Ago, Lady Gaga Stunned the VMAs (and the World) With Her Meat Dress

September 12, 2023
Paraguay’s Gomez to miss WC qualifier against Venezuela

Paraguay’s Gomez to miss WC qualifier against Venezuela

September 12, 2023
Bolivia vs. Argentina live stream: Is Lionel Messi playing? How to watch World Cup qualifying, TV channel

Bolivia vs. Argentina live stream: Is Lionel Messi playing? How to watch World Cup qualifying, TV channel

September 12, 2023
Retirement Communities Help Residents Keep Mentally and Physically Fit

Retirement Communities Help Residents Keep Mentally and Physically Fit

September 12, 2023
UK boosts support for International Criminal Court

Russia used its veto alone to end Security Council measures aimed at supporting peace in Mali

September 12, 2023

LATEST INTERVIEWS

Lighting the path for sustainability in Georgia

Lighting the path for sustainability in Georgia

by The FINANCIAL
August 14, 2023
0

Toyota Plays a Crucial Role in Contributing to Georgia’s Zero Emissions Challenge

Toyota Plays a Crucial Role in Contributing to Georgia’s Zero Emissions Challenge

by The FINANCIAL
July 12, 2023
0

The Biltmore Tbilisi Hotel in Georgia’s key CSR projects aimed at creating a beneficial influence on the local community

The Biltmore Tbilisi Hotel in Georgia’s key CSR projects aimed at creating a beneficial influence on the local community

by The FINANCIAL
July 12, 2023
0

“EU membership might attract European banks and other financial institutions to enter Georgia”

“EU membership might attract European banks and other financial institutions to enter Georgia”

by The FINANCIAL
May 15, 2023
0

Main risks facing banks in 2023

Main risks facing banks in 2023

by The FINANCIAL
May 15, 2023
0

‘Russia cannot be treated as a reasonable and reliable trade partner

‘Russia cannot be treated as a reasonable and reliable trade partner

by The FINANCIAL
February 13, 2023
0

We should increase our joint efforts to assist the growing tech sector here in Georgia

We should increase our joint efforts to assist the growing tech sector here in Georgia

by The FINANCIAL
February 13, 2023
0

‘Georgia has much to offer to UK investors

‘Georgia has much to offer to UK investors

by The FINANCIAL
February 13, 2023
0

Newsletter

ADVERTISEMENT

GET IN TOUCH

E-mail your company news at:

news (at) financial.ge Letters to the Editor: editor (at) finchannel.com

Local Marketing contact:

(+99532) 2252 275 | 76 EXT: 1 (+995 558) 03 03 03 (mobile) marketing (at) finchannel.com

Requests from abroad:

(+99532) 2252 275 | 76 EXT: 7 (+995599) 96 52 52 Email: zviadi (@) finchannel.com Contact video editor: E-mail: video (at) financial.ge

Postal address: 17 Mtskheta str. Tbilisi, Georgia 0179 The FINANCIAL

RESOURCE

  • Work at the FINANCIAL
  • ePaper
  • Advertise in The FINANCIAL
  • Access ePaper
  • Guest posts
  • Contributed articles
  • AmericanStockNews
  • Coupon Codes
  • GLOSSY MAG
American Culture Center
ACC Partner

GUIDEBOOK

  • Meet our team
  • Invest in Georgia
  • Become contributor
  • Archive

FOLLOW US

  • Facebook
  • Twitter
  • Google+
  • Youtube
No Result
View All Result
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • America
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • CityLife
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.