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U.N. advisers push annual $35B-$40B global plan to expand energy use and reduce carbon

UNITED NATIONS -- At least $35 billion to $40 billion of annual investments will be required to link all people in the world with modern forms of energy by 2030, a goal that must be reached while reducing heat-trapping carbon dioxide emissions, a U.N. advisory group recommended yesterday. Fifteen billion dollars of this should be in the form of annual grants donated by rich nations to expand electricity access to the poor. And the world should not only achieve universal access to energy by 2030, but it should do so while increasing efficiency by 40 percent overall, or 2.5 percent per year, the group said.


Obama administration advances Cape Wind, but challenges remain

Interior Secretary Ken Salazar injected life into the fledgling offshore wind industry yesterday by approving the nation's first project off the coast of Cape Cod, Mass. Supporters called Salazar's decision to provide a federal permit to Cape Wind a major breakthrough that would prod uncertain investors into backing multiple offshore farms in the years ahead down the East Coast and in the Great Lakes. They said construction could begin as early as this year, after a nine-year slog battling critics.


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