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Shale gas failure offers rescue for EU green energy drive

Thu, 08/23/2012 - 1:25am
Reuters

BRUSSELS/LONDON (Reuters) - Europe has been unable to repeat the shale gas revolution that has swept the United States, and that could prove to be the unlikely savior of long-term EU efforts to spur renewables and curb greenhouse gases.

The United States has managed to lower greenhouse gas emissions as well as energy prices as cheap shale gas has displaced coal, prompting calls from industry for Europe and others to follow suit.

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