It's been 15 years since the euro came into circulation and to mark the occasion Horizon is looking at what the future could have in store for finance. We talk to one economist who says the way to avoid another crisis is to keep banks small and boring, and we explore the effect of alternative local currencies on supporting small businesses. We also delve into some of the technology that could enable us to move to a cashless society, and we look at the growth of the so-called sharing economy, in which people share access to resources.
We need to return to a diverse, small-scale banking system in order to reduce the risk of another financial crisis, according to Professor Eckhard Hein from the Berlin School of Economics and Law, Germany, who was involved in the EU-funded FESSUD project examining the causes and consequences of the 2008 - 2009 financial and economic crisis.
People who use car-sharing services could soon be able to roam with different providers when travelling, much in the same way as people do with their mobile phone networks, thanks to a new piece of software which its inventor says will also help make car sharing economically viable in smaller cities and rural areas.
Europe has set a course for a low-carbon economy, but what does this mean in practice? This month, Horizon looks at the carbon-free innovations set to change our lives, from neighbourhoods that can produce more energy than they consume, to Europe's renewable energy cooperatives. We also explore new technologies to minimise the risk of nuclear meltdown, and find out how a tie-up between researchers in the EU and North Africa could help bring renewable energy innovations to the Mediterranean region.
This December marks one year on from the Paris agreement, where world governments agreed to keep global warming to within 2 degrees Celsius of the average pre-industrial temperature. To mark the occasion, Horizon takes stock of the situation and examines the challenges ahead. We speak to scientists who are mapping a pathway for governments to cut back on emissions, we host a debate on steel - one of Europe’s most polluting industries, and we look the progress of carbon capture and storage. We also interview Professor Hans Joachim Schellnhuber, founder of the Potsdam Institute in Germany, who was the first to propose that 2 degrees should be set as a limit for global warming.
It looks like a standard radar screen, but the technology behind the red flashing dots that alert the crew of an ocean tanker to the presence of pirates is highly sophisticated.
High-tech algorithms alert crews to potential hijackers.
An experimental project could lead to a renewable energy market connecting the EU and North Africa.