How is KR 10.2 Tracking?
Our R&D key result tracks public-sector funding for inventing a net-zero future.
In the United States, federal funding for basic and applied energy research needs to be quadrupled. That would match what the U.S. government now allocates to the National Institutes of Health, around $40 billion per year.
Other countries should aim to triple their current R&D spending.
Data for KR 10.2 is sourced from the IEA, which annually updates its report on government budgets for energy R&D.
Federal funding for energy R&D is on the upswing, but needs a big leap to get us to a net zero future: