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The US may be the world's top emitter of carbon dioxide, but the European Union is No.
1 when it comes to researching and developing green technologies.
In fact, the EU is No.
1 when it comes to funding green technologies, with the EU's research and innovation fund clocking in at more than $11 billion last year, Phys.org reports.
"Thanks to the outputs of the research and innovation we fund, the EU has successfully started decoupling economic growth (+ 60%) from decarbonization (-30%) in the last 30 years," says Anna Panagopoulou, director of ERA & Innovation at the EU Commission.
"Europe also has a competitive advantage in the development of green technologies, outperforming both China and the US in areas related to climate adaptation and energy technologies."
The EU's European Innovation Council has "strong portfolios" in areas such as "Low Carbon and Decarbonization Solutions," " Energy Storage and Batteries," and " Hydrogen with over EUR 90 million," Panagopoulou says.
The council is working to create " Regional Innovation Valleys" across the EU to " Harness the Potential of Deep-tech Innovation across the different EU territories and addresses the innovation divide," Panagopoulou adds.
(The US is No.
1
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