The EU is to try and revive the faltering attempts to reach a global deal on climate change by pledging billions of dollars in financial support for developing countries.
The European Commission’s recent publication proposing massive spending by the 27 EU countries on wind and solar energy, carbon capture and nuclear power could result in billions of dollars going to European universities and research institutions over the next 10 years.
A joint European-US energy council to coordinate policy on both sides of the Atlantic is expected to begin work in November, according to a US official.
Brazil is moving forward with its nuclear expansion programme, which could be worth more than $24 billion by 2030, and this could be just the first stage in a programme that would run until 2060.
The European Union will invest an additional €50 billion (about $75 billion) in energy technology, according to information from the two-day EU Strategic Energy Technology Plan conference, which began in Stockholm, Sweden, on October 21st.