In the new report 'Building a low-carbon economy - the UK's innovation challenge', the prestigious Climate Change Committee warns that economic growth and progress towards climate targets are dependent on continued funding of low-carbon technologies.
The committee - comprised of nine distinguished scientists, economists, political scientists and an engineer - was asked by the UK's Chief Scientific Adviser, John Beddington to "review the adequacy of research and innovation arrangements in the UK related to achieving our climate change goals".
A strong recommendation emerged: the continued funding of green technologies, which the committee believes is sub-par relative to funding levels in other countries.
The report supports UK development and deployment of offshore wind, marine, carbon capture and storage (CCS) for power generation, aviation technologies, smart grids, and electric vehicle technologies.
It encourages research in hydrogen fuel cell vehicles, technologies in agriculture and industry, 3rd generation solar PV technologies, energy storage and advanced biofuels technologies.
Additional recommendations to the UK Government include longer-term climate change objectives (beyond 2020) and to quickly develop a clear strategy on climate change so that the necessary institutions can be supported or established.
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