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  • Published: Jun 18th, 2009
  • Category: UK
  • Comments: None

UPDATE 1-UK proposes power tax to fund carbon capture


(Recast with details, quotes, background)

* Consumers to pay for levy on power generators

* Levy expected by 2011

* May raise electricity bills by 2 pct by 2030

* CfD to put floor on carbon emission prices from CCS

By Nao Nakanishi

LONDON, June 17 (Reuters) – Britain has proposed a levy on electricity to fund up to four carbon capture storage demonstration projects (CCS), which it sees as crucial to reduce greenhouse gas emissions.

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