Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-11-Speech-4-051"
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"en.20100311.2.4-051"2
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".
I think it is significant that the European Commission, when drawing up its Strategic Energy Technology Plan, took into consideration the amount of support needed for research and development of green technologies. This is all the more true because, at the present stage, solar energy, bio-energy and hydrogen technology are in most cases not yet commercially profitable. As Steven Chu, the United States Secretary of Energy rightly pointed out, research advances of Nobel Prize calibre are needed in order to make green technologies competitive with traditional fossil fuel technologies. However, the serious flaw of the green technology plan is that we have no idea what EU funds will be used to carry it out. Looking at the cost of EUR 16 billion deemed necessary for solar energy research, or the EUR 5 billion estimated for hydrogen-related technology, this cannot be a minor consideration. At this point there are no indications that the next seven-year financial framework will provide increased resources for research in green technologies. We are well aware that support from public funds is no substitute for the efforts of private investors. Nevertheless, the European Union and Member States must boost the funds devoted to green technology research. The eventual revenues from an emission trading system may serve as a good basis for this. The stakes are not negligible. We cannot allow the plans for energy policy and climate protection to suffer the same fate as the Lisbon Strategy with its contradictory outcomes."@en1
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