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Sufficient growth of spending on renewable sources of energy
Publish date: March 9, 2006
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Sufficient growth of spending on renewable sources of energy
International Energy Agency (IEA) encourages its member countries to increase financial spending on development of renewable energy sources.
The spending of countries-members of IEA for research on renewable energy development is less than 8% of all the spending on all the research works in the energy sector, ITAR TASS reported.
Executive director of IEA Claude Manille underlined a necessity of financial support of this sector of energy, presenting a report “Renewable sources of energy: priorities of researches and of development”. The Chief of the IEA reminded that in 1970’s during the first “oil crisis” there was s sufficient increase of financial support for renewable sources of energy development. The current situation requires the same actions, he added.
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