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10/2/10

EU 'must spend €1 trillion' on electricity grid - by Jennifer Rankin

The European Union must spend €1 trillion by 2020 on upgrading the electricity grid system if it is to meet its climate-change goals, according to a leaked report from the European Commission.

This is the first estimate from the Commission on how much spending on grid and infrastructure is needed if the EU is to stay on track to get 20% of its energy from renewable sources by 2020.

For more: EU 'must spend €1 trillion' on electricity grid | European Voice

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