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EU Nations Mull Funds to Aid Clean Energy in 2030 Climate Deal

2014-10-09 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: European Union governments are considering the use of carbon-permit funds to help finance clean technologies and spur poorer nations toward a low-carbon economy under a planned deal on 2030 climate and energy policies. The blocs 28 countries may renew a special carbon-permit reserve -- which yielded 2.2 billion euros ($2.8 billion) for renewable energy and carbon-capture projects over the past four years -- and extend its scope, according to draft guidelines prepared for an Oct. 23-24 summit...

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