Incentives

On the foot of Russia’s invasion of Ukraine, the European energy landscape is facing unprecedented challenges. The response, on the part of the European Union and its member states, is to accelerate the energy transition. Although decarbonisation of our energy systems was always on the agenda in recent years, the current crisis accentuates the need for a low-carbon and energy-independent Europe, while also underlining the necessity of supporting businesses and people through hard times. Strategies such as rethinking supply chains, or investing in renewables or alternative fuels, can take a big bite out of the yearly investment budget, on top of the high energy bills.Fortunately, the EU and national/regional governments are offering multiple incentives to cope with tight investment budgets. Ranging from the development of highly innovative technologies through to demonstration and application, a plethora of cash grants and tax incentives is on offer. Curious to find out more?Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites