Climate Transition - Industry Decarbonization

1. Context

Within the scope of the Recovery and Resilience Program (PRR) a set of investments and reforms was defined aimed at the following areas: resilience, climate transition, and digital transition. 

In this context, Component 11 - Industry Decarbonization, integrated in the Climate Transition Area, for which there is a budget of 705 million euros, aims to leverage the decarbonization of the industrial and business sector and promote a paradigm shift in the use of resources, achieving measures of the National Energy Climate Plan 2030 (NECP 2030) and contributing to accelerating the transition to a carbon neutral economy. Project applications to these funds are open until April 29, 2022. 

2. Goals

Specifically, the Incentive System (SI) «Industry Decarbonization» aims to promote and financially support projects aimed at:
  • Low-carbon processes and technologies in industry

  • Energy efficiency measures in industry

  • The incorporation of energy from renewable sources and energy storage

  • The development of industry decarbonization guides

3. Incentive System Scopes of Application

The Incentive System scopes of application target three major groups: Geographical area, beneficiaries, and sectors.
  • Geographical area

    All national territory, including the autonomous regions of Madeira and the Azores.
  • Beneficiaries

    Companies in the industry sector, as well as managing entities of industrial zones whose investments may impact the reduction of greenhouse gas emissions in the industries installed in the areas under their management.
  • Sectors

    Economic activities in the industry sector that fall into the following categories: B – Extractive Industries; C – Manufacturing Industries.

4. Investment project typologies

Low-carbon processes and technologies in industry:  

  • Introducing new processes, products, and innovative business models or changing processes aimed at decarbonization and digitization, including clean and innovative low-carbon technologies and solutions that promote the efficient use of resources and their circularity, including industrial symbioses, enhancing the sustainability and resilience of value chains; 
  • The incorporation of new raw materials, fuels derived from waste, including biomass and biogas; the use of industrial symbioses and circular economy measures, incorporating innovation; the replacement and/or adaptation of equipment and processes for new sustainable technologies and renewable energy vectors;
  • Measures aimed at adopting fluorinated gases with reduced global warming potential are also highlighted. An increase in the electrification of final energy consumption is also relevant, namely through the electrification of final energy consumption in industry and the strengthening of access and quality of service.

The adoption of energy efficiency measures in industry

  • Reducing energy consumption and greenhouse gas emissions, in parallel with the adoption of monitoring and consumption management systems that make it possible to manage and optimize energy consumption, thus taking advantage of the potential for digitalization and automation.

The incorporation of energy from renewable sources and energy storage

  • Promotion of the incorporation of hydrogen and other renewable gases in industry, namely through electrification.

5. Expenses and support limits

Expenses listed in Annex 1 of Notice No. 02/C11-i01/2022 are eligible. Support is granted in the form of a non-refundable incentive, with maximum co-financing rates applicable to expenses considered eligible
Aid for environmental protection

Find the list of environmental protection aids in Annex 1 of Notice No. 02/C11-i01/2022.

More info
Applications for projects that contribute to carbon neutrality

Take an in-depth look at Notice No. 03/C11-i01/2022.

More info

Any questions?

Ask us how. We help you make the best decisions.
  • 16.6 billion euros to boost Portugal's recovery

    The European Union has decided to strengthen the budget to boost Europe's economic and social recovery and growth. These funds are made available in Portugal via the RRP.

    BBVA helps you to calculate the potential stimulus your company may receive.

Contact Us Companies

BBVA Helpline

Your bank always on hand

+351 21 391 14 16

(calls to
national landline)

Support for Businesses

Contact us by email

empresas.pt@bbva.com

Your question will be promptly answered or forwarded.

BBVA Replies

Via the form

BBVA Replies will answer you

For those who prefer not to send an email.

Branch network

Visit us in person

BBVA Branches

Find your nearest BBVA branch.