Reuters: The European Comission adopted a proposal on Wednesday to give 4 billion euros ($5.6 billion) of funding to cutting-edge renewable technologies such as carbon capture and storage (CCS). The so-called “New Entrant Reserve 300” (NER300) fund was agreed in 2008 by the European Council, which sets out the general political direction of the bloc, to support CCS technology — a method of burying harmful gases. Many power producers see CCS as a potential silver bullet to curb climate-warming emissions…