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UK energy deal triples renewable subsidy by 2020

Fri, 11/23/2012 - 7:24am
Reuters

LONDON (Reuters) - British government support for low-carbon electricity generation will triple by 2020 after the energy and finance ministries on Friday reached a deal over costly reforms.

The agreement is expected to boost the share of renewables in Britain's energy mix to 30 percent by 2020, outpacing European Union targets of 20 percent, and create thousands of new jobs.

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