{"id":543316,"date":"2022-12-15T10:12:34","date_gmt":"2022-12-15T04:42:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=543316"},"modified":"2022-12-15T11:38:09","modified_gmt":"2022-12-15T06:08:09","slug":"eu-agrees-e20-bln-boost-for-energy-funding-to-quit-russian-gas","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/eu-agrees-e20-bln-boost-for-energy-funding-to-quit-russian-gas\/","title":{"rendered":"EU agrees \u20ac20 bln boost for energy funding to quit Russian gas"},"content":{"rendered":"<p>The European Union will raise an extra 20 billion euros from its carbon market for investments to help end more swiftly the bloc\u2019s reliance on Russian fossil fuels, under a political deal reached on Wednesday.<\/p>\n<p>Negotiators from EU countries and the European Parliament agreed in the early hours of Wednesday to raise 60% of the grants from an EU Innovation Fund \u2013 an existing pot of carbon market revenue that is currently spent on breakthrough green technologies.<\/p>\n<p>The other 40% would come from proceeds from CO2 permit sales held earlier than planned. <\/p>\n<p>The EU carbon market forces power plants and factories to buy CO2 permits when they pollute.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Union will raise an extra 20 billion euros from its carbon market for investments to help end more swiftly the bloc\u2019s reliance on Russian fossil fuels, under a political deal reached on Wednesday. Negotiators from EU countries and the European Parliament agreed in the early hours of Wednesday to raise 60% of the grants from an EU Innovation Fund \u2013 an existing pot of carbon market revenue that is currently spent on breakthrough green technologies. The other 40% would come from proceeds from CO2 permit sales held earlier than planned. The EU carbon market forces power plants and [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-543316","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/543316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=543316"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/543316\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=543316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=543316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=543316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}