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Dutch government proposes 33 pct increase in renewables spending for 2017
November 30, 2016 / 9:35 AM / a year ago

Dutch government proposes 33 pct increase in renewables spending for 2017

AMSTERDAM, Nov 30 (Reuters) - The Dutch government on Wednesday proposed a 33 percent increase in its budget for renewable energy projects in 2017, as it attempts to catch up after lagging on its 2020 emission reduction targets.

In a letter to parliament, Economic Affairs Minister Henk Kamp said the government plans to spend 12 billion euros on subsidies for solar, wind, geo-thermal and other projects in 2017, up from 9 billion euros in 2016 and just 3.5 billion euros in 2015. ($1 = 0.9391 euros) (Reporting by Toby Sterling; Editing by Catherine Evans)

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