The Low Carbon Research Institute (LCRI) has secured £34m, over the next three years, from the Welsh European Funding Office.

Part of the European Research Development Fund's Convergence and Regional Competitiveness and Employment programmes, the cash injection will enable Wales and Welsh universities through the LCRI and its industry partners to lead the way in the development of new research to cut carbon emissions.

The funding will provide a strategic, coordinated approach for interdisciplinary industrial energy research in Wales and provide a research base for the energy sector industries to help them deliver government targets for reducing carbon dioxide emissions and enable these industries to compete on an international stage.

Announcing the funding at Cardiff University in October 2009, the then First Minister for Wales Rhodri Morgan said: "Wales has a vital role to play in tackling global environmental changes.

"This programme will place Wales at the forefront of industry led research to achieve more affordable low carbon energy, improve energy efficiency from a range of sources and reduce energy demand across all sectors."