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EU Commission seeks to crack down on costly energy subsidies

2013-11-05 12:15:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: EU energy prices will rise unless European governments stick to strict guidelines on when subsidies are justified, the European Commission said on Tuesday. Following intense political debate and a storm of protest over energy prices, the Commission, the EU executive, is revising rules to guide the European Union's 28 member states. Generous support schemes for solar energy, for instance, have been blamed for adding to the financial burdens of households and businesses at a time when economic...

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