French proposal on CCS funding "insufficient"

Influential MEP signals parliament negotiators will not accept presidency proposal if approved by EU governments

The amount of funding proposed by the French presidency of the EU last week to help finance carbon capture and storage (CCS) demonstration projects is "not even close" to what is needed to develop the technology, according to an influential MEP (EED 10/11/08).

On Friday, France proposed to lower the number of carbon allowances that would be set aside for CCS under Europe's emission trading scheme to 100-200m, less than half of what the European parliament proposed.  The French plan mirrors the European commission's position on the issue (EED 12/11/08).

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