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EU prices plan for decarbonization, sets funds aside to dump coal

The Parliamentary arm of the European Union managed to push through the basic approval for backing the European Green Deal this week, which will hopefully release up to €1 trillion of funding, with about 20% of that coming directly from the EU, and the rest from investment partners. It was first mooted in detail in early December and has now, to all intents and purposes, been voted through. MEPs supported the deal from Commission President Ursula von der Leyen. Parliament said that it wanted the move to target even higher ambitions for the EU’s 2030 goal of emissions reductions, aiming for 55% reduction by 2030 up 5% from that proposed by the Commission. The EU will now adopt these targets…

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