| Author (Corporate) | European Commission |
|---|---|
| Series Title | COM |
| Series Details | (2014) 669 final (28.10.14) |
| Publication Date | 28/10/2014 |
| Content Type | Policy-making, Report |
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Energy infrastructure and innovation, the driving forces behind the European Energy Programme for Recovery (EEPR), remain as important now as they were in 2009 when the EEPR was set up. Both have a key role to play in improving security of supply, meeting current and future energy and climate change targets, and completing the internal market. The recent political events in Ukraine and Russia have once again shown the importance of ensuring security of gas supply. The EEPR, through projects such as reverse gas flows, has already contributed to improving the EU's resilience, particularly when compared to the previous gas crisis in 2009. The EEPR's support for innovation in the offshore wind sector and in carbon capture and storage (CCS) has also contributed significantly to improving the EU's use of indigenous resources, such as wind or coal. Infrastructure and innovation will be key to achieving the EU's climate and energy goals – whether they are the 20/20/20 targets for renewables, energy efficiency and greenhouse gas reduction that are currently in place, or the targets that the Commission has recently proposed for 2030. EEPR offshore wind projects are already generating electricity for the grid and thus contributing to the EU's renewables and greenhouse gas targets. Projects financed under the European Energy Efficiency Fund (EEE F) are contributing to energy efficiency. The EEPR's CCS projects are essential to timely demonstrate a technology needed for the cost efficient mitigation of greenhouse gas emissions and for the transition to a low carbon economy. Infrastructure and innovation are also key to completing the internal energy market and developing interconnections that put an end to any Member State being isolated from the European gas and electricity networks. The EEPR projects have already contributed significantly to the EU's objectives and the projects that are ongoing remain as relevant as ever to the newly proposed objectives. This report sets out, for each part of the EEPR, the progress made in implementing the projects and the EEE F. It follows on from the report which was adopted in 2013, and covers the implementation of the projects between October 2013 and 31 August 2014 and the payments made between 1 July 2013 and 31 August 2014. |
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| Source Link | Link to Main Source http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2014:669:FIN |
| Related Links |
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| Subject Categories | Energy, Environment |
| Countries / Regions | Europe |
