| Author (Corporate) | European Commission |
|---|---|
| Series Title | COM |
| Series Details | (2016) 763 final |
| Publication Date | 05/02/2018 |
| Content Type | Policy-making |
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Background information: As set out in the Clean Energy for All Europeans Communication, innovation is one of the key areas where concrete action can be strengthened in the short term, refocused and the synergies improved to support jobs, growth and investment across the European Union. While the private sector is seen as the main investor in this sector, the European Union argues it has got an important role to play in creating a favourable framework for private initiative in clean energy innovation: + The EU can set the political ambition and create the right business environment through targeted signals, policies, standards and regulations; + The EU can also deploy targeted financial instruments to lower the risk of private investments in untested but promising clean energy technologies or business models; + The EU can focus its research and innovation funding, in particular through Horizon 2020, to push the frontiers of science and knowledge. In addition to these three categories of action, the Union takes on a role in engaging in international initiatives on clean energy innovation, and enabling coordinated efforts with cities, regions and Member States. The European Commission published on 30 November 2016 a Communication setting out a strategy for the three main policy levers the European Union (EU) can deploy to boost private investment in clean energy innovation. The European Parliament approved a set of recommendations relating to this matter on 6 February 2018. |
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| Source Link | Link to Main Source http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2016:763:FIN |
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| Subject Categories | Energy |
| Countries / Regions | Europe |
