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MLex E3 Press Round-Up 11.12.2009

( December 11, 2009, 08:25 GMT | Press Round-Up Europe) -- Swedish EU Presidency urges upfront climate financing of 5-7 bln euros; EU split over deepening emission cuts; Bulgaria puts conditions on contribution to climate fund; EU's proposal to replace CDM not feasible in short term; VAT fraud on CO2 credits puts entire system at risk; Billionaire Soros proposes IMF-backed climate fund; UK to introduce boiler scrapping scheme for households; Germany considers cutbacks in solar subsidies; France launches climate research alliance; Spanish regulator proposes 6 bln euros subsidies for renewables, co-gen; GE wins turbines contract for Oregon wind park; Obama backs Norway-Brazil forestry scheme-The EU should pay 5-7 billion euros annually before 2013 for upfront financing to help developing countries fight climate change....

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