A post-2020 EU energy technology policy: Revisiting the strategic energy technology plan |
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| Affiliation: | 1. Florence School of Regulation, European University Institute, Via Boccaccio 151, 50133 Firenze, Italy;2. German Institute for Economic Research, Berlin, Germany;3. École Polytechnique Fédérale de Lausanne, Lausanne, Switzerland and Florence, School of Regulation, Florence, Italy;4. Florence School of Regulation, Florence, Italy;1. Electrical and Electronics Engineering Department, National College of Engineering, Tirunelveli, Tamilnadu, India;2. Electronics and Communication Engineering Department, National Engineering College, Kovilpatti, Tamilnadu, India;3. Electrical and Electronics Engineering Department, RECT Polytechnic College, South Vijayanarayanam, Tamilnadu, India;1. National Referral Laboratory, ICAR-National Research Centre for Grapes, P.O. Manjri Farm, Pune 412 307, India;2. ICAR-Central Tobacco Research Institute, Rajahmundry, Andhra Pradesh 533 105, India;1. Power Engineering Lab., Dep. of Electrical and Electronic Engineering, Kitami Institute of Technology, Japan;2. Dep. of Mechanical Systems Engineering, National Institute of Technology, Asahikawa College, Shyunkodai 2-2-1-6, Asahikaw, Hokkaido 071-8142, Japan;3. Technology Innovation Center, National Institute of Technology, Asahikawa College, Shyunkodai 2-2-1-6, Asahikaw, Hokkaido 071-8142, Japan |
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| Abstract: | With the European Strategic Energy Technology Plan (SET Plan) expiring in 2020, the EU needs to revisit its energy technology policy for the post-2020 horizon and to establish a policy framework that fosters the achievement of ambitious EU commitments for decarbonization by 2050. We discuss options for a post-2020 EU energy technology policy, taking account of uncertain technology developments, uncertain carbon prices and the highly competitive global market for energy technologies. We propose a revised SET Plan that enables policy makers to be pro-active in pushing innovation in promising technologies, no matter what policy context will be realized in the future. In particular, a revised SET Plan should include a more technology-specific focus, provide the basis for planning and prioritization among decarbonization technologies, and should be based on a comprehensive approach across sectors. Selected technology targets and EU funding of innovation should be in line with the SET Plan prioritization. |
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| Keywords: | European energy policy towards 2050 Energy technology policy SET Plan |
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