Business Green: EU member states have approved a plan to share out EUR4bn to develop carbon capture and storage and fund high tech hi-tech renewables projects. At least eight CCS projects will receive funding as well as ocean thermal energy conversion technologies and systems to convert cellulose from plant waste into biofuels, biogas or electricity. As part of the plan 300 million permits from a reserve fund of the EU Emissions Trading Scheme will be transferred to the European Investment …