22-06-2015

Scientists Start $150 Billion Program to Cut Clean-Energy Costs

Scientists and economists including BP Plc’s former chief executive officer, John Browne, are inviting governments to join a $150 billion program that aims to make clean energy cheaper than coal.

The 10-year plan, known as the Global Apollo Programme to Combat Climate Change, will fund research into renewables, power storage and smart-grid technologies to make them cheaper than fossil fuels. It aims to create an international task force of scientists, entrepreneurs and policymakers.

“There is a looming catastrophe that can be avoided,” David King, an Apollo founder and former chief scientific adviser to the U.K. government, said in London. “What we need to do is create clean energy that is less costly than fossil energy, and once we get to that point, we’re winning all battles.”

Bloomberg

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