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Policy Department A: Economic and Scientific Policy ____________________________________________________________________________________________ • European CO2 capture, transport and storage initiative • Sustainable fission initiative (Gen IV) The JTIs and EIIs are an innovative form of Public Private Partnerships at European level. The term “Public Private Partnerships” (PPPs) covers multiple acceptations and there is no specific European model for PPP. In the scope of this study, a PPP is defined as a partnership created at the European level, involving public authorities (the European Commission) industry and research community to pursue common ambitious objectives in the field of research, development and innovation. According to the European Commission, PPP can offer “extra leverage to key projects to deliver shared policy objectives [...], boost Europe’s innovation capacity and drive the competitiveness of the European industry in the sectors with significant growth and employment potential”. 26 The first PPPs in the field of research, development and innovation at European level, were introduced in May 2007 with the adoption by the European Commission of proposals creating Joint Technology Initiatives (JTI).27 The PPP approach was replicated in the aftermath of the economic crisis with the creation of four PPPs in the European Energy Programme for Recovery (EEPR)28. The proposal to establish EIIs for the SET Plan have confirmed the trends and will of the European Commission to enhance the participation of the private sector in the EU RDI ambitions through the mean of PPP. 3.3.3. Role of Private Public Partnerships in communicating strategies and ambitions of low-carbon programs to the private finance sector The involvement of the private sector in PPPs to implement the EU RDI ambitions presents for the European Commission strategic benefits. Indeed, integrating the private sector in PPPs with the public authorities has a strong impact in terms of efficiency and success in communicating the strategies and ambitions of low-carbon programs towards private finance stakeholders. As mentioned above, securing funding for new energy technology can be very difficult due to the complexity of the technologies and the lack of awareness of the private finance sector . With PPPs, these obstacles can be overcome, as the private sector can help the EU define the appropriate messages and strategies to attract private financing. Communicating about low-carbon programs, common strategies and aligned ambitions In the European Commission approach, the PPPs represent the joint vision of public and private industry and research stakeholders. This common vision constitutes the strength of the PPPs and their RDI programs, making it easier to attract private financing. A common and aligned vision gives credibility to the objectives supported by the stakeholders of the PPP. It also creates consistency about the low-carbon program to be funded and confers weight to the PPP as the aligned strategies and ambitions communicated to the private financial sector fit to the objectives of the industry stakeholders. 26 COM (2009) 615 Final of 19 November 2009 - Communication from the Commission « Mobilizing private and public investment for recovery and long term structural change : developing Public Private Partnerships » 27 SEC (2005) 800 of 10 June 2005 – Commission Staff Working Document « Report on European Technology Platforms and Joint Technology Initiatives : Fostering Public Private R&D Partnerships to Boost Europe’s Industrial Competitiveness ». 28 Factories of the Future (FoF), Energy Efficient Buildings (EeB), Green Cars (GCI), Future Internet (FI) IP/A/ITRE/ST/2009-11 & 12 90 PE 440.278PDF Image | Policy Department Renewable Technologies
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