EU Moves Aggressively To Develop Green Tech

Carbon capture projects will also be funded.

“Old Europe” or not, the European Union has come up with a fresh approach to developing technologies that could produce commercial-scale renewable energy projects, including ocean thermal energy conversion.

The EU setting aside billions of euros to fund 50 percent of the construction and operation costs of dozens of projects, according to the Royal Society of Chemistry’s publication.

We’ve always thought it would take that kind of governmental subsidy to get OTEC up and running, and now European nations are moving to make it happen. According to an industry insider who helps keep this blog informed, “…the program also would fund OTEC in the territories of the UK, France, or the Netherlands. This would apply to Diego Garcia, Reunion, French Polynesia, the Cayman Islands, Curacao, etc.”

Hello? Are you paying attention, America?