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EU launches pilot projects to leverage green energy spending

2015-02-16 20:25:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: European Union climate and energy bosses launched two projects on Monday designed to unleash more than a billion euros ($1.1 billion) of spending on measures to save energy and adapt to climate change. The pilot projects will help to prove that a much bigger Commission scheme to turn 21 billion euros of EU and European Investment Bank funds (EIB) into at least 315 billion euros of public and private sector investment can work, the Commission says. EU governments are meant to endorse the broader...

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