| Author (Corporate) | European Commission |
|---|---|
| Series Title | COM |
| Series Details | (2013) 253 final (2.5.13) |
| Publication Date | 02/05/2013 |
| Content Type | Policy-making, Report |
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The EU needs to do more to bring new, high performance low-cost, low-carbon sustainable energy technologies to the market. New technologies are vital to achieve all of the EU 2020 objectives in energy, climate, economic and social policy, as well as those for 2030 and 2050. The EU must have a strong and dynamic technology and innovation strategy both to deliver its policy goals strengthen its competitiveness and to better coordinate investments. EU policies on the internal energy market, energy efficiency and renewables support technologies onto the market, from Photovoltaic (PV) panels to efficient appliances, smart meters or home automation. The EU needs to further reinforce the role of technology and innovation within energy policy, not just with specific technologies, but also by triggering new business models, market and social adaptation and energy system improvements that offer a longer term strategic perspective for investments. As a result of EU policies, global investments in renewables have progressed steadily requiring a greater flexibility and energy management. The phasing out of nuclear power in some countries and the rapid expansion of unconventional gas production is changing the economics of energy worldwide. To support European industrial competitiveness the EU’s energy technology and innovation policy needs to deliver on reducing costs rapidly and speeding up the introduction of new sustainable technologies to the market. This is particularly important in a time of economic downturn which has direct consequences on private investments and national budgets. |
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| Source Link | Link to Main Source http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2013:253:FIN |
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| Subject Categories | Culture, Education and Research, Energy |
| Countries / Regions | Europe |
