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EC secures NER 300 ‘low carbon financing’ deal, retains control of allowances

By Emma Portier Davis ( February 3, 2010, 09:45 GMT | Insight) -- After months of wrangling, the European Commission has secured a deal with member states on the financing of low-carbon energy projects using 300 million allowances from the New Entrants’ Reserve of the post-2012 emissions trading scheme (NER 300). And it gets to keep control of the allowances.After months of wrangling, the European Commission has secured a deal with member states on the financing of low-carbon energy projects using 300 million allowances from the New Entrants’ Reserve of the post-2012 emissions trading scheme (NER 300). And it gets to keep control of the allowances....

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