How Is KR 7.5 Tracking?
Our Government R&D key result urges greater funding for the discovery of breakthrough technologies and innovations to drive down costs of clean energy.
We are tracking progress toward a worldwide doubling of government-funded energy research and development—and toward a fourfold increase by the United States, to $40 billion per year.
The additional money would cover basic and applied research, including early pilots. Even small government grants can make a pivotal difference for clean technology startups. These investments can also pay big dividends to a nation’s economy down the road.
Data for KR 7.5 is sourced from the IEA, which tracks government R&D spending on clean energy solutions across the top five emitters.
Significant funds are going toward clean energy innovations, but a lot more is needed: