EU says extra €50bn needed for low-carbon tech plan

Investments in low-carbon energy technologies will need to increase by €50bn over the next ten years if the EU is to meet its climate and energy goals, the European Commission said on Wednesday in a long-awaited policy paper on energy technology funding.

The paper spells out the investments needed to finance the 2007 EU strategic energy technology (SET) plan. Originally due at the end of last year, the paper was delayed to take account of the changed circumstances following the global financial crisis, the commission said.

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