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class="singlepage"> <h1>NER 300</h1> <div class="drdot"> <hr/> </div> <div class="node"> <div class="content"> <p class="rtejustify"> <a href="https://web.archive.org/web/20120209110413/http://www.ner300.com/" target="_blank"><img class="rg_i" data-sz="f" name="jWTVbDzfHLx5aM:" onload="google.stb.csi.onTbn(1, this)" src="https://web.archive.org/web/20120209110413im_/http://t1.gstatic.com/images?q=tbn:ANd9GcSfzXXd6EfujtAo45DPmlD-GuEQPR0K4Xmvqb26kpy7JsVIUZNlbg" style="width: 128px; float: left; height: 48px"/></a><font color="#c93e1f"><b>NER300</b></font> is the nickname of a financing instrument managed jointly by the European Commission, European Investment Bank and Member States, so-called because <a href="https://web.archive.org/web/20120209110413/http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2009:140:0063:0087:EN:PDF" target="_blank"><font color="#3c439f">Article 10(a) 8 of the revised Emissions Trading Directive 2009/29/EC</font></a> contains the provision to set aside 300 million allowances (rights to emit one tonne of carbon dioxide) in the New Entrants’ Reserve of the European Emissions Trading Scheme for subsidising installations of innovative renewable energy technology and carbon capture and storage (CCS). The allowances will be sold on the carbon market and the money raised - which could be as much as 4.5 bn EUR if each allowance is sold for 15 EUR - will be made available to projects as they operate. Official information is available on the Commission website <a href="https://web.archive.org/web/20120209110413/http://ec.europa.eu/clima/funding/ner300/index_en.htm" target="_blank"><font color="#3c439f">here</font></a>.</p> <p>  </p> </div> </div> </div> </div>  <div class="clear"></div> </div> </div>  <div id="footer"> <p> Copyright © 2011 - SmartGrids - European Technology Platform. All rights reserved.</p> </div> </body> </html>