EU Nations Mull Funds to Aid Clean Energy in 2030 Climate Deal
This article is for subscribers only.
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 bloc’s 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 of EU leaders in Brussels. Countries may also agree to create a new fund, which would help finance investment in low-income member states, the document obtained by Bloomberg News shows.