(MEXICO CITY) Six major emerging economies, the 'BRIMCS' countries (Brazil, Russia, India, Mexico, China and South Africa), invest more in energy research and development (R&D) than a large group of developed countries, according to a report.
In 2008, the governments of BRIMCS countries invested US$13.8 billion in energy research, development and demonstration (RD&D) — well above the combined US$12.7 billion spent by the governments of the 28 member countries of the International Energy Agency, including Australia, Canada, Germany, Japan, the United Kingdom and the United States.
Most of the funding went towards fossil and nuclear energy.
To read the full, original article click on this link: Emerging economies take lead in energy R&D investment - SciDev.Net
Author: Cecilia Rosen
