Defend Truth

There’s good money to be made in alternative energies in good old Europe

All one needs to do is invent a really well put-together solar energy system that would be used in Europe to replace its dependence on fossil fuel. Easy, hey? Then again, there’s €16 billion there, allocated by the European Commission, as part of the most aggressive undertaking to date to develop alternative, sustainable energy as well as limit carbon emissions. After solar energy, the second on the list is carbon capture programmes, with €13 billion, followed by €11 billion for a new generation of buildings and transport systems. According to the plan, it would also allocate €9 billion for bio-energy industries that produce electricity or fuels from plants or organic waste materials. Finally, €7 billion is to be spent on nuclear fission, storage of waste and extension of nuclear plants’ lifecycle.

Gallery

Please peer review 3 community comments before your comment can be posted

We would like our readers to start paying for Daily Maverick...

…but we are not going to force you to. Over 10 million users come to us each month for the news. We have not put it behind a paywall because the truth should not be a luxury.

Instead we ask our readers who can afford to contribute, even a small amount each month, to do so.

If you appreciate it and want to see us keep going then please consider contributing whatever you can.

Support Daily Maverick→
Payment options

Premier Debate: Gauten Edition Banner

Join the Gauteng Premier Debate.

On 9 May 2024, The Forum in Bryanston will transform into a battleground for visions, solutions and, dare we say, some spicy debates as we launch the inaugural Daily Maverick Debates series.

We’re talking about the top premier candidates from Gauteng debating as they battle it out for your attention and, ultimately, your vote.

Daily Maverick Elections Toolbox

Feeling powerless in politics?

Equip yourself with the tools you need for an informed decision this election. Get the Elections Toolbox with shareable party manifesto guide.