Wednesday, January 2, 2013
Energy Solution Faces Economic Obstacles
LONDON — Until last month, the Don Valley Power Project in northeast England looked like a winner. In July it topped a shortlist for a share of as much as €1.5 billion in E.U. funding for innovative low-carbon electricity schemes.But then came a blow. When the British government published its own selection of potential recipients of a slice of £1 billion, or $1.6 billion, in funding in a national competition for carbon capture and storage projects Oct. 30, Don Valley was left off. That means it is not eligible for a share of the E.U. money — equivalent to $2 billion — either. Many countries want to go green and to not pollute the environment but if they don't have funding to do so then they can't. It is not that countries and states don't want to go green it is that it cost less to not. So if it was easier and cheaper to go green then believe that more people would try it and the world would be a better healthier place.
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