The world’s largest scientific organization says it will boost funding for scientists working on basic research projects as part of a drive to “break down barriers.”
The World Scientific Congress, which is meeting in Chicago from Nov. 19-22, said it will allocate $4.5 billion over the next decade to fund research into climate change, nanotechnology, biological applications and other areas of scientific discovery.
The plan follows a similar plan last year, which saw a similar increase in research funding.
The World Wide Fund for Nature (WWF), the UN’s research agency, said in a statement that it will use the funds to “ensure that scientists in every corner of the planet have access to the tools needed to advance their careers and pursue their research goals.”WWF has long sought to improve access to basic science research for all its citizens.
The agency has invested more than $2 billion in basic research programs in the past three years, with the goal of doubling the amount by 2020.
Its president, John Holdren, said at the time that the increased funding would be aimed at “supporting and incentivizing researchers who are making the most of this growing research capability.”
The agency has been funding basic research since the 1950s, and the increase comes as many countries are making progress on the creation of new technologies.
In a statement, the World Bank said the funds will help fund basic research that is not in direct competition with the scientific and technological innovations that are being made.