July 25, 2009

Financing plan for energy technology


The Commission has finally announced that the financing structure to underpin the EU Strategic Energy Technology Plan will be made known this autumn. The SET Plan was published in November 2007 as a means of directing the development and deployment of cost-effective low carbon technologies through research in renewables, clean coal, smart grids and nuclear energy. It also includes measures relating to planning, implementation, resources and international cooperation.

This long-awaited Communication will define the financing needs on an industry basis and compare these with what is already available or in the pipeline. Once the remaining gap is identified, it will propose new sources of funding to bridge it as well as recommending more strategic linkages between the relevant energy financing elements of existing Community instruments, including the 7th Framework Programme, Trans-European Energy Networks and various European Investment Bank (EIB) vehicles.

The Commission's Directorate General for Energy is expected to consult stakeholders over the autumn on the 'Technology Roadmaps' developed by the Joint Research Centre to form the backbone of financing needs assessments. The roadmaps describe the current status of key low-carbon energy technologies and their future prospects, including emissions reduction potential and barriers to market penetration.

http://ec.europa.eu/energy/technology/set_plan/set_plan_en.htm

Posted by iroronan at July 25, 2009 09:10 PM