The European Union will offer almost 100 environmental projects from developing countries around the world in an auction to try to attract donors to back them, the European Commission said Tuesday.
The "Auction Floor," to be held in Brussels on March 13, will allow developing projects to meet potential donors such as local authorities, representatives of EU member states and private sector foundations.
In December 2007, the commission launched a call for projects in the area of the environment, sustainable development and natural resources, including energy. It received more than 1,000 proposals worth 1.5 billion euros (1.94 billion dollars).
In the end, around 50 projects were financed for 60 million euros, while almost 100 others were selected for the auction.
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