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EU energy chief backs $13 billion for carbon capture


BRUSSELS (Reuters) – Europe’s energy chief gave his backing on Monday to a source of billions of euros of public funding for power stations to trap and bury carbon dioxide in the battle against climate change.

New technology to trap CO2 and pump it underground is seen as a potential silver bullet to curb emissions from coal-fired power plants, which are multiplying rapidly worldwide and threaten to heat the atmosphere to dangerous levels.

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