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Tuesday, 17 April 2012

EU energy aid to developing world may not cover biofuels

According to the EU Development Commissioner, Andris Piebalgs, part of the energy aid to the developing world could be spent on gas projects. However, biofuels, nuclear and coal energy will be excluded. Notably, the EU commissioner has said: “We would like to support a very clean energy mix [and] in some cases gas could be supported. At least I would not exclude it a priori.”
Nevertheless, Piebalgs told EurActiv that he did not foresee a big gas investment. He also clarified  that the money he referred to could also be used for environmental impact assessments and using natural gas that is now flared.
These statements come after the recent launch of  the €50 million ‘Energy Development’ initiative, whose aim is to help poorer countries that ‘opt in’ with a series of EU reforms with capacity-building and policy-development programmes, and is designed to entice private investment.

Source: EurActiv

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