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Budget deal cuts EU energy spending, promises climate focus

2013-02-08 20:56:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: An EU budget haggled out in marathon talks on Friday cut deeply into a new transport and energy fund and sacrificed ambition to make farming greener, but broke ground by committing a fifth of spending to the climate. Spending for cross-border transport, energy and telecoms projects was one of the main victims of the focus on austerity. It was chopped to just under $40.14 billion, down from an initial proposal that had earmarked 50 billion. "This is at least a door opener for interconnecting...

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