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Policy Department A: Economic and Scientific Policy ____________________________________________________________________________________________ EXECUTIVE SUMMARY Background Concerns about energy security and the lack of sustainability of the current energy system with respect to climate change, environmental degradation, human health and the exploitation of finite fossil and nuclear energy resources are growing. The development and deployment of innovative, low-cost, low-carbon energy technologies, energy efficiency and renewable energies are sought to reduce greenhouse gas and pollutant emissions, and to help create new markets for European industry. In this context, the European Union has committed to achieve a 20% share of renewable energies in energy consumption by 2020 and has adopted a directive providing the framework for the achievement of this target1. To meet this goal, but also to further develop and deploy the potential of renewable energy in the EU, existing and emerging technologies are needed. In November 2007 the European Commission proposed a European Strategic Energy Technology Plan (SET-Plan)2 in order to strengthen the overall effort in Europe to accelerate innovation in low carbon technologies. In July 2008 the European Parliament welcomed the SET-plan3 and stated that a European energy technology policy with adequate financial support is fundamental to achieving the EU energy and climate change objectives. In order to advance the implementation of the SET-Plan, the Commission put forward a Communication on "Investing in the development of Low Carbon Technologies"4 in October 2009. The Council of the European Union welcomed this communication in early 2010, and the European Parliament adopted a resolution recognising the need to increase substantially public and private investment in the development of sustainable low carbon energy technologies. Aim The European Parliament Committee on Industry, Research and Energy (ITRE) has requested the present study with the aim to provide background information and advice for the Members of the ITRE Committee on priority measures and actions to be undertaken in the field of new renewable technologies. This includes an outlook on emerging technologies and the policy and regulatory steps needed in the field of innovation policy in order to bring those emerging technologies forward. Energy efficiency and a number of renewable heating technologies can also make important contributions to the political goals, but have not been requested to be addressed in the present study. The policy assessment and recommendations focus on the coherence, effectiveness and efficiency of the current financing frameworks (FP7, CIP, EIF, EIB, fiscal and economic policies) in particular in view of the mid-term review of the current EU budgetary framework and of the CIP and FP7 as well as the proposals under the recent Communication on "Investing in the development of Low Carbon Technologies". The following new renewable energy technologies are addressed: • Offshore wind energy: 7.5 to 10 MW turbines and floating foundations; • New photovoltaic technologies: silicon, thin film, concentrating, dye ink, organic; • Concentrating solar power: parabolic trough, linear fresnel, solar tower; 1 Directive 2009/28/EC and repealing Directives 2001/77/EC and 2003/30/EC. 2 COM(2007)723 final, http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=COM:2007:0723:FIN:EN:PDF. 3 EP resolution of 9 July 2008 on the European Strategic Energy Technology Plan (2008/2005(INI)). 4 COM 2009(519) final of 7.10.2009. IP/A/ITRE/ST/2009-11 & 12 PE 440.278 xiiPDF Image | Policy Department Renewable Technologies
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