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'Old coal' subsidy loophole to be closed by UK government

2014-08-01 14:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: A loophole in the governments energy policy that could have seen billpayers funding billions of pounds of subsidy for old coal plants will be closed, officials have told the Guardian. The move is a victory for analysts and campaigners who argued large coal subsidies would heavily undermine ministers drive to reduce carbon emissions, as well as costing consumers dearly. However, some coal payments will remain and critics say the policy still undervalues energy saving measures. The loophole...

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