Global moonshot plan aims to make renewable energy cheaper than coal

UK scientists, economists and businessmen including Sir David King, currently the UK’s climate change envoy, Lord Nicholas Stern and ex-BP chief Lord John Browne launched a moonshot plan yesterday. The goal is to make the cost of clean electricity lower than that from coal-fired power stations across the world within 10 years. The Global Apollo Programme calls for £15 billion a year (more than $23 billion), or at least 0.02 percent of GDP participating countries, of spending on green energy and energy storage research. It is the same funding in today’s money that the US Apollo program spent in putting astronauts on the moon. The US, Japan, China, India, Korea, Mexico, the United Arab Emirates, and more countries, are interested.

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Global moonshot plan aims to make renewable energy cheaper than coal

UK scientists, economists and businessmen including Sir David King, currently the UK’s climate change envoy, Lord Nicholas Stern and ex-BP chief Lord John Browne launched a moonshot plan yesterday. The goal is to make the cost of clean electricity lower than that from coal-fired power stations across the world within 10 years. The Global Apollo Programme calls for £15 billion a year (more than $23 billion), or at least 0.02 percent of GDP participating countries, of spending on green energy and energy storage research. It is the same funding in today’s money that the US Apollo program spent in putting astronauts on the moon. The US, Japan, China, India, Korea, Mexico, the United Arab Emirates, and more countries, are interested.

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