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7. More Renewables research is required to increase the efficiency of existing technologies, to develop new technologies, processes and products and to drive down significantly the costs for the production of heat, power and fuels from Renewables. An increased public R&D spending should go hand in hand with increased involvement of the industry to ensure the market up-take of the generated results. 8. Both the extension and the use of Renewables have also created other positive effects e.g. technological innovations. The industry producing the facilities for the use of Renewables belongs to the most dynamic sectors of the European economy. This guarantees regional value added and secure jobs not only today, and offers excellent chances for the future. 9. Based among others on the extra long cycles in the energy system and on the commodity nature of energy, the entry threshold for any new energy source will be high. Radical social und technical changes are needed if we are to reduce our alliance on fossil fuels. 10. Any long-term vision for European economic development must include Renewables, to save finite energy sources and to build up an industry of strategic importance. 11. Energy systems with Renewables can be made more robust by decentralising both power generation and control. The use of more distributed power generation systems would be an important element in the production for the consumers against power interruptions and blackouts, whether caused by technical faults, natural disasters or terrorism. 12. Price trends for coal, oil and gas are important for planning future energy systems, but are less predicable. Important is the willingness for the transition from fossil fuels to Renewables. 13. EU funds are needed to strengthen existing competencies in the renewable energy sphere and to intensify research and technological development according to the main principles of sustainable development. 14. The overall goal of an EU R&D initiative should be to achieve the leadership of EU- Member States in the area of renewable energy technologies. 15. Due to their continually improving performance and cost, and given growing recognition of their environmental, economic and social benefits - Renewables will grow increasingly competitive with traditional energy technologies. More R&D funding for Renewables both in EU Member States and on EU level is needed. The increased R&D effort should start now, and will have to continue over a long period of time. If nothing is done to increase and focus the Renewables R&D effort, our society will not meet the energy challenges with Renewables to secure a sustainable energy future. The following document describes the present energy supply worldwide and in Europe, the availability of energy carriers for future energy systems, the state of art for Renewable Energy Technologies, its market introduction and present contribution to Primary Energy Supply. On the basis of rough estimates on technical potential of proved and unproved renewable sources, the possible contribution of Renewables to the long-term energy Supply Worldwide and in EU-Member States is analysed. 5PDF Image | Economic Perspectives of Renewable Energy Systems
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