Bratislava, December 1 (TASR) – As much as €2 billion will be spent by the EU on energy innovation, European Commissioner for Research, Science and Innovation Carlos Moedas announced at an international conference entitled ‘SET Plan-Central European Energy Conference’ (CEEC) in Bratislava on Thursday.
Moedas was outlining the European Strategic Energy Technology Plan (SET-Plan) drawn up by the Commission.
“We’ve agreed that the €2 billion will be directed into four key areas, including decarbonisation of buildings, better integration of renewable energy sources into the energy [mix], electric mobility [electric cars and public transport] and the storing of [electric] energy,” said Moedas.
The commissioner noted that while the sector of fossil fuels is being subsidised by €100 billion a year in Europe, research and innovation in energy receives only a minute fraction of this amount.
“If we want to change this situation, we have to move away from this trend,” added Moedas.