Monday, February 16, 2015

EU launches pilot projects to leverage green energy spending

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. Read more at uk.reuters.com