A technology race with Japan and the United States has spurred Europe to launch a campaign to triple funding for energy research to €8 billion (approx. US$11.7 billion) annually, said a EurActiv report.
In November 2007, the European Commission proposed a Strategic Energy Technology Plan (SET Plan) to help the EU reach targets for renewable energy uptake and CO2 emission reductions. It hopes that a coherent strategy will foster more cooperation and reinvigorate Europe's drive to invest in energy research.
The SET Plan calls for greater cooperation at European level to boost innovation, and proposes:
* European Industrial Initiatives for wind, solar and bio-energy but also for nuclear fission, CCS and electricity grids. The initiatives will be funded "in different ways," such as public-private partnerships, pooling resources between member states and other measures proposed in the SET Plan communication (see EurActiv 20/11/07);
* A European Research Alliance featuring research coordination between universities and specialized institutes;
* The establishment of a high-level Steering Group on Strategic Energy Technologies;
* A new Energy Technology Information System, and;
* The organization in 2009 of a European Energy Technology Summit.
(EurActiv with Reuters)
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