Portugal is set to pay about 10 billion Euros between 2013 and 2020 to reduce greenhouse gas emissions and meet the EU’s energy and climate pact.  Electricity producers will pay the brunt of the costs, up to 6.6 billion, while industry will pay the remainder.  Electricity rates are expected to jump six to eight percent and some costs will be passed on to consumers.  Coming up in 2013:  how Portugal’s economy is rocked by greenhouse gas reduction scheme.

Read More: www.reuters.com

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Tags: green, gas, dust, news, electricity

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