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EU to Open Competition for CO2 Capture, Renewables Aid Tomorrow
2010-11-08 11:04:15.13 GMT
By Ewa Krukowska
Nov. 8 (Bloomberg) -- The European Union said it will open
tomorrow a contest for the first portion of about 5 billion
euros ($7 billion) in subsidies to store carbon dioxide
underground and promote renewable energy as part of the fight
against global warming.
The EU will invite bids for "clean-coal" and renewable
aid that will come from the planned sale of as many as 300
million allowances to emit carbon dioxide under Europe's cap-
and-trade program.
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To contact the reporter on this story:
Ewa Krukowska in Brussels at +32-2-237-4331 or
ekrukowska@bloomberg.net
To contact the editor responsible for this story:
Jones Hayden at +32-2-285-4312 or
jhayden1@bloomberg.net
