Financing woes plague EU climate technologies

Discussions between EU policymakers and energy sector stakeholders reveal sharp differences about how, and by whom, expensive CO2 capture and other 'green' technologies should be financed.

On 21 February, EU Energy Commissioner Andris Piebalgs reportedly told a group of representatives for 14 major energy sector firms that, until 2013 and possibly beyond, "there is no money" in the EU budget for supporting carbon capture and storage (CCS) projects.