The European Commission has done well in securing some – though not nearly enough - money to support renewables and CCS from the European economic recovery plan and from auctioning permits under the EU’s emissions trading scheme. By comparison, EU countries paid out €3 billion in national coal subsidies in 2008 alone. All OECD countries together give $400 billion every year in subsidies to fossil fuels, compared with $45 billion to nuclear and $27 billion to renewables, according to the International Energy Agency.
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