EU Carbon Plans 50 Billion Euros Boost Solar Energy

EU’s executive body the European Commission (EC) will soon launch a greenhouse gas emission reduction program, use the next ten years to raise the 50 billion euros a low-carbon technology research and development funds a large part, for the development of solar energy and carbon capture and storage of coal power plants . Specific investment amount will soon reach an agreement.

“New York Times” said of the plan proposed, reflecting the EU climate change in Copenhagen in late 2009 before the meeting, is to make further efforts to achieve their emission reduction targets. The plan also reflects the realignment of EU member states demand of industrial development. To this end, the EU requires Member States to the government invested heavily in the development of clean technologies.

The European Commission said in the draft plan: “To achieve the European Union in the short term energy and climate change set policy objectives, closely rely on the fragmented market and energy companies” go it alone “, it is difficult to achieve breakthroughs in clean technology.” Draft Ren Wei the introduction of low-carbon technologies also “reflects the context of the financial crisis a major challenge, namely, increased risk aversion, the risk for major new investment in technology is not their preferred investor.”

The low-carbon program still in its infancy, still need further approval by member governments and funding. The 27 EU member states are currently running a costly emissions control and trading system (capandtrade), thereby reducing greenhouse gas emissions. Some countries also heating the housing and automotive emissions of carbon dioxide carbon tax.

Solar energy, carbon capture, nuclear energy will be more funds.

According to the draft plan, the solar industry over the next decade was the largest funds, up to 160 million euros (1 euro = approximately 10.08 yuan). In second place is carbon capture and storage technology, access to 13 billion euros. The European Commission will work to develop carbon capture and storage technology, so that after 2020 for Member States to use the station for all inputs are commercially viable.

The draft plan also includes a “Smart City” to encourage measures for improving urban energy efficiency. The draft is expected to invest 11 billion euros the development of a new generation of energy-efficient buildings and transport systems. Bio-energy industries to invest nine billion euros of funds, development of organic waste materials from plants or to obtain electricity or bio fuels.

In addition, the draft plan into seven billion euros for the development of nuclear fission technology, thereby enhancing the safety of nuclear reactors produce less nuclear waste, to minimize the possibility of nuclear proliferation, while maximizing the usefulness of nuclear power plants.

However, the allocation of funds for the draft plan, the European Wind Energy Association (EuropeanWindEnergyAssociation) main. Caza opposed nuclear power and carbon capture technology, wind energy input far beyond the 60 billion euros in cash.

Supporters of carbon capture technology, has a different view. European Zero Emissions Platform (ZeroEmissionPlatform) media director, Eric Deluo Sen (EricDrosin) said: At present, 40% of EU energy supply still comes from coal and natural gas, and other countries in the carbon capture and storage management, finance and law requirements, etc., go hand in hand with the European Union, has even walk in the front. ”

Deluo Sen introduced, the European Zero Emissions Platform was established in 2005 by the organization, oil companies, equipment suppliers, scientists, environmental groups composed of carbon capture and storage technologies in Europe platform, members of the World Wildlife Fund, Royal Dutch Shell Energy companies and the Swedish Falls (Vattenffunction (iterator)) and so on. Deluo Sen also said that the United States, Australia and Canada and has projects for carbon capture billions of dollars in funds or tax breaks.

The European Commission said that low-carbon technology scheme from the current 3 billion euros per year to 80 billion euros. This means that the next 10 years, the development of low-carbon technologies needed to finance 50 billion euros, mainly from EU Member States will be public and private sectors.

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