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EU puts EUR1.2bln into pilot renewable energy projects

Posted on 19 December 2012

The European Commission announced yesterday that it was putting ¤1.2bn ($1.56bn) into renewable energy demonstration projects but had found no carbon capture ventures to back.
EU Climate Change Commissioner Connie Hedegaard said the funding came in part from the EU’s carbon trading system, so that in effect polluters were paying, while the private sector would provide another ¤2bn investment. “This will help the EU keep its front-runner position on renewables and create jobs here and now, in the EU,” Hedegaard said………………………………………..Full Article: Source


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