The European Commission has done well in securing some – though not nearly enough – money to support renewables and CCS from the European economic recovery plan and from auctioning permits under the EU’s emissions trading scheme. By comparison, EU countries paid out €3 billion in national coal subsidies in 2008 alone. All OECD countries together give $400 billion every year in subsidies to fossil fuels, compared with $45 billion to nuclear and $27 billion to renewables, according to the International Energy Agency.read more »
Articles containing the tag ‘nuclear fusion’
Apart from CCS, there is much good sense on all sides of the debate on measures to reduce carbon emissions. Why haven’t you mentioned the ultimate medium term opportunity – nuclear fusion?
Leighton Uptonread more »