Plans to step up EU funding to develop innovative low-carbon technologies to help cut greenhouse gas emissions by 20% by 2020 were welcomed in a resolution approved by Parliament on Thursday. MEPs want the EU funding to develop applications for these technologies over the next 10 years, but also acknowledge that additional private, public and EU resources will be needed to hit the target.

Parliament welcomes the European Commission’s Strategic Energy Technology (SET) plans for research into clean, sustainable and efficient low-carbon energy technologies to meet energy and climate goals for 2020. However, MEPs call for more public and private investment, and fresh EU money, to develop these technologies.

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Tags: Carbon Reduction, Europe carbon, ghg, low carbon technology, SET