Brussels, 14/06/2010 (Agence Europe) -EU Climate Action Commissioner Connie Hedegaard and European Investment Bank (EIB) President Philippe Maystadt agreed in Luxembourg on Monday 14 June to explore a joint climate finance initiative for developing countries, as part of the European Union commitment made at the UN climate conference in Copenhagen last December. During talks at EIB headquarters in Luxembourg, they also welcomed a political agreement reached in mobilising finance for carbon capture and storage (CCS) and innovative renewable energy technologies in the EU through the NER (New Entrants Reserve) 300 initiative. (O.L./transl.fl)