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EU eyes fund to win e. Europe support on climate
12 Dec 2008 06:38:30 GMT
Source: Reuters
BRUSSELS, Dec 12 (Reuters) - Eastern European member states could receive two levels of funding to secure their support in an EU plan to cut carbon in the fight against climate change, according to a final draft text prepared for leaders on Friday.

Ten percent of revenues from the EU's flagship emissions trading scheme (ETS) would be distributed to them via the so-called "solidarity and growth" fund, said the text seen by Reuters and which is yet to be approved by leaders.

That would be followed by a further 2 percent for the nine former communist countries that reduced emissions when industry collapsed in the wake of communism. (Reporting by Ingrid Melander and Pete Harrison; editing by Mark John)


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