Energy Research Spending in Germany

map_of_germany

August 1, 2013

by Tyra OldhamLANDsds Sustainable Voice News

Bloomberg report on Energy spending in Germany is goal set to effectively transition to renewable-power. Under Chancellor Angela Merkel.

Merkel is “seeking to more than triple the share of renewable power by 2050 to 80 percent of consumption. The clean-energy plants will help replace nuclear reactors, all of which are due to close by 2022.”

Germany increased spending on energy research 77 percent in the past seven years, benefiting mainly renewable-power and efficiency projects as the country shuts nuclear reactors. Germany spent 133 million euros on research into nuclear fusion and 75 million euros on safety linked to its atomic reactors and the disposal of nuclear waste, the study shows,reported in “Germany Boosts Energy Research Funding 77% to $938 Million”.

Germany’s “government spent 708 million euros ($938 million) on research and development of energy technologies last year, up from 399 million euros in 2006, the Economy Ministry said today in an e-mailed statement, citing a new study. Projects included reducing noise from offshore wind power, making buildings more energy-efficient and producing electro-chemical storage units.”

Research and development of modern energy technologies are an important condition for the success of the energy switch,” stated, Economy Minister Philipp Roesler.

In looking at the U.S. Spending on energy research which is woefully modest the question of innovation and competition is relevant. Senator Lamar Alexander, Tennessee (Rep) states, “There is an argument that, by imposing government mandates, just as by imposing higher prices, government could force some innovation that could move us toward clean energy independence,” Alexander said, “but I think the surer path would be to double the $9 billion we spend annually on non-defense energy research and development — and trust the marketplace to produce better results,” reports Platts McGraw Hill Financial.

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Nations that invest heavy in broadening its intellectual capacity will have advantages in economic, social and infrastructural durability. It is in research that energy and technology are unified to define and deploy research to advance energy platforms producing efficiency. Research allows for new opportunities for growth.

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Posted in Business, Clean, Economics, Energy, Energy Investment, Europe, Financial News, Global, Government, Nuclear, Renewable Energy, Renewables Alternatives, RESEARCH, Solar, Sustainability Nexuses, Technology, Wind

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