THE MISSION OF NCT:

The economic and social health of our civilization as a whole directly depends on availability and consumption of freely available and relatively inexpensive energy. Almost 90 % percent of this use today is met by non-renewable sources, over 60 % of which comes from hydrocarbons, with an assurance of an increase in the years to come. Alternative renewable energy sources on the other hand only count for a few percentages of the worldwide energy consumption today and for the foreseeable future.

The four founders of the Nobel Charitable Trust, members of the Nobel Family and its board of directors, have with great concern seen the resulting rapid depletion of oil and gas sources as well as other nonrenewable energy supplies. This over-consumption has been accompanied by increases in the average global temperature and pollution of land, water and air.

Estimates of global energy demand show about two percent annual increase with the developing countries responsible for 75 % of the growth. Making renewable energy available on a larger scale for this increase in demand will require extensive investments but intellectual efforts as well.