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A new report from the International Energy Agency finds that governments around the world are falling behind when it comes to developing clean energy technologies, with subsidies for wind and solar power accounting for less than 1% of R&D spending in some countries and less than 1% of R&D spending in others.
In the US, meanwhile, public spending on clean energy research and development has remained flat over the past three decades, while spending on deployment has risen, according to the IEA's "Opportunity for Low-carbon Research and Development" report.
The report finds that subsidies for wind and solar power accounted for just.1% of public R&D spending in the European Union in 2018 and.2% of spending in Japan, while spending on other clean energy technologies like hydrogen and fuel cells accounted for more than half of public R&D spending in the US in 2018 and.7% of spending in Japan.
The IEA estimates that by 2050, half of the global reductions in energy-related CO2 emissions will have to come from technologies that are still in the prototype or demonstration phase.
"The pace of innovation is not aligned with carbon neutrality," the report states, noting that climate-related patenting has slowed down over the past decade, while the deployment of existing Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Foundation: Marguerite Casey Foundation, Marguerite Casey Foundation, Rockefeller Philanthropy Advisors, Skoll Foundation, Target Foundation, Ford Foundation, Philadelphia Foundation, Rockefeller Foundation
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Foundation: Lancaster County Community Foundation
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Foundation: Community Foundation of Southern Indiana
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Foundation: Hawaii Community Foundation
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Peter Kessler graduated from the University of California, Berkeley, with a degree in chemical engineering, and now he's working on an AI invention that "stands on the brink of the educational...more
Foundation: Kresge Foundation, Tow Foundation, Bloomberg Philanthropies
"There's no real reason why the arts, health, and science shouldn't be much more highly integrated," says Lear deBessonet, a Tony-nominated theater director and co-director of the One Nation One...more
Social Entrepreneurship
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Building a Million Dollar Company Where Everyone Counts
Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.
