Sufficient growth of spending on renewable sources of energy

Publish date: March 9, 2006

International Energy Agency (IEA) encourages its member countries to increase financial spending on development of renewable energy sources.

The spending of countries-members of IEA for research on renewable energy development is less than 8% of all the spending on all the research works in the energy sector, ITAR TASS reported.

Executive director of IEA Claude Manille underlined a necessity of financial support of this sector of energy, presenting a report “Renewable sources of energy: priorities of researches and of development”. The Chief of the IEA reminded that in 1970’s during the first “oil crisis” there was s sufficient increase of financial support for renewable sources of energy development. The current situation requires the same actions, he added.

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