EU puts climate spending in focus
The United States, Europe and other nations will spend about $100 billion on projects to fight climate change under economic stimulus plans. Political and business leaders have called for "green growth" spending over the next two to three years to boost fossil fuel alternatives and cut carbon emissions, and create jobs in order to help a sector wilting in the downturn. The EU will require all west European utilities from 2013 to pay for every ton of carbon emissions, a strong driver for them to invest now in wind power, for example.
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