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July 8th, 2011

European Union trading farm subsidies for 45% increase in science funding

Published on July 8th, 2011 | By: pwray@ceramics.org

Credit: European Commission

Despite the “austerity” thinking in some circles, this really seems like some logical strategic thinking (meaning, the thing about “strategies” is that it always involves smart allocation of scarce resources). From Nature:

“[EU] spending on research and innovation would rise by about 45%, from €55 billion (US$80 billion) over the current 2007–13 period to €80 billion in 2014–20. A reduction in farm subsidies would help to pay for science, and spending in other major areas of the €1-trillion budget would remain flat.

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