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UK won't get EU cash for carbon storage: EU sources

Sun, 11/11/2012 - 3:25am
Reuters

BRUSSELS/LONDON (Reuters) - The British government will not get any European Union funding under the first round of a subsidy scheme for carbon capture and storage (CCS) projects because it has failed to provide the required financing guarantees, EU sources said on Sunday.

CCS technology captures carbon emissions from power plants before they enter the atmosphere and then stores them in long-term storage sites.

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