According to UCL, FuturICT is an interdisciplinary initiative that aims to exploit major advances in data-gathering and processing technologies to develop a planetary-scale computer called a Living Earth Platform.
The platform’s processing power would offer insights into the way society functions and provide a basis for predicting natural disasters, or managing and responding to man-made disasters.
At a launch event on 5 May, the European Commission awarded FuturICT €1.9m to develop its proposal over 12 months as one of six pilots for its large-scale, science-driven Future and Emerging Technologies (FET) Flagships programme.
In the second half of 2012, two of the pilot schemes will be taken forward, each receiving €1bn in funding between 2013 and 2023.
Labour pledge to tackle four key barriers in UK energy transition
I'm all for clarity and would welcome anyone who can enlighten me about what Labour's plans are for the size and scale of this Great British Energy....