U.K. Carbon-Capture Plans Miss Out on First Phase of EU Funding
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U.K. plans to build carbon-capture and storage plants missed out on financing from the first phase of a 1.5 billion-euro ($2 billion) European Commission program after failing to secure funding guarantees from the government.
“We didn’t get into the first round of NER300 funding,” U.K. Energy Secretary Ed Davey told lawmakers yesterday after presenting a bill to overhaul the power market to Parliament. The projects will still be able to access a second round.