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U.N. carbon funding key for China clean coal developers

Wed, 08/25/2010 - 12:25am
Reuters

BEIJING (Reuters) - Developers of clean-coal power plants in China fear for the viability of their projects after a U.N. carbon-credit scheme denied funding for a similar plant in India at the end of July.

They said "ultra-supercritical" (USC) power stations would struggle without funds earned through the U.N.-backed Clean Development Mechanism (CDM) that lets rich countries invest in clean energy projects in developing countries.

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