Article appearing courtesy of Yale Environment 360.
The European Union will unveil a proposal this week calling for $73 billion (50 billion euros) in research over the next decade into improving wind, solar, and nuclear power technologies, as well as the development of carbon capture and sequestration projects and energy-efficient “Smart Cities.”
The report, prepared by the European Union’s executive body, the European Commission, says the surge in investment is necessary if Europe hopes to meet its goal of slashing greenhouse gas emissions by 80 percent by 2050.