UK Invests £100 Million out of a total £200 Million Investment in Low Carbon Program
by mark on October 14th, 20081080 words | 0 Comments
In the early portions of World War II, the U.S. government instituted whats now known as the Manhattan Project to combat the increasing threat of nuclear fission in the hands of Adolf Hitler. So the question remains, how dire is our need to eliminate our dependence on foreign oils, and is it as crucial as the Manhattan Project? Some would argue, climate change is more dangerous than the threat of one crazed lunatic.
As the cost of oil and its impact on the environment and global economics becomes more evident and mainstream, we have watched private development and government initiatives come to light, and sometimes at the same time. So is this case with the “Low Carbon Vehicle Integrated Delivery Programme“, managed by The Technology Strategy Board as a 5 year program. Funding begins in April of 2009, and will cover a variety of areas, including university based research and trialing and development options for low carbon vehicles. As we watch countries like the U.K. invest over £100 Million in collaboration with private businesses, in what seems to be a near immediate source of funding, we can only hope that our U.S. government would at least MATCH the action the Brits have taken.
So (a little competition never hurt anyone) if we used the GDP as a guideline (the U.S. had a $13 trillion GDP in 2006, while UK was $1.93 Trillion), that would mean with a near 7:1 ratio, the U.S. should have… ohhh around $700 million dollars immediately available for research in lowering carbon emissions in the U.S, starting in APRIL. [click to continue…]







