EU deal means 10 bln euros less for climate: Dimas

POZNAN, Poland (Reuters) - Compromises on a European Union climate and energy package would leave the 27-nation bloc with 10 billion euros ($13.27 billion) less revenue per year for "good causes," said the EU's environment chief Stavros Dimas.

"Instead of having for example 50 billion euros as we calculated we will have 40 billion euros annually for our good causes," said the EU environment commissioner, on the sidelines of U.N. climate talks in Poznan, Poland.

"This does not mean the money is not enough, it is enough if it is used in a good way," he said, referring to measures to fight climate change.

EU leaders reached agreement on a climate and energy package on Friday after power plants and factories won concessions on how many carbon emissions permits they pay for.

Under the EU emissions trading scheme (EU ETS), power plants and manufacturers have to account for every ton of the greenhouse gas carbon dioxide they emit with a permit called a European Union allowance (EUA).

The EU supply of EUAs is unchanged, but east European power plants and manufacturers across Europe won concessions on how many EUAs they get for free and how many they buy through auctioning.

That has cut auction revenues which the EU Commission had hoped member states would spend on fighting climate change.

"I am happy because the environmental integrity of the package remains intact. We achieved in full our environmental objectives," Dimas told reporters, referring to the overall EU goal to curb greenhouse gases by a fifth by 2020.