$73bn for energy research Europe, Solar & Smart grid cities

Post date: Oct 05, 2009 10:14:10 PM

Europe's goal 2050

cutting greenhouse gases by 80 %

  • Technology race with Japan and the United States

  • Triple funding for energy research to $12bn / €8bn euros

  • Solar power research €16bn over next decade

  • Smart grid research:30 energy-sipping "Smart Cities €11bn

  • Wind energy research €6bn next decade

  • Nuclear research €7bn

  • Energy from biomass and other waste €9bn

  • Innovative "carbon capture and storage" technology €13bn

In total, at least 50 billion euros of additional funding is seen over the next 10 years.

Science in materials, in chemistry and physics, in nanotechnology and biotechnology,

to find new and better ways of producing and consuming energy.

Job creation by Green energy 250 000

SET plan

Motor fuels direct from sunlight, digital light sources that last for decades,

batteries that store electricity at 10 times the current density

source: reuters.com Green Business