āIntelligent management of structural changeā
Europeās most important industries should get more support for innovation to cope with structural change, Germanyās trade union for the mining, chemicals and energy industries (IG BCE) says in a press release. āWeāre picturing a future fund,ā for example for the energy and mobility industries, IG BCEās chairman Michael Vassiliadis says. The fund would give investment support to companies seeking to unlock new business opportunities, IG BCE says. Vassiliadis called for subsidising high-end technology projects such as artificial photosynthesis and power-to-x technologies. Billions of euros are being spent on supporting renewable energies āthat fluctuate strongly with the weather und have little further potential for innovation,ā Vassiliadis says. Europe instead should focus on āthinking about alternatives for the āalternativesāā.
Read the press release in German .
For background, see the Āé¶¹ĪŽĀė°ę factsheet How can Germany keep the lights on in a renewable energy future?.