The Strategic Energy Technology Plan: Financial Instruments

Authors

  • Andrés Llombart-Estopiñán Author
  • Ignacio Martín Jimenez, Author
  • Elena Calvo Gallardo Author

DOI:

https://doi.org/10.24084/repqj09.006

Abstract

In order to achieve the 20% reduction of greenhouse gas emissions, increasing the share of renewable to 20% and saving 20% of energy consumption by 2020, the European Commission launched in 2007 The Strategic Energy Technology Plan (SET Plan), considering technology as a vital piece for the Energy Policy. The UE intends to be on the top of the energy technologies worldwide, planning a defined roadmap up to 2020 and beyond. This plan means a new approach, never arose before at European level, which involves a great deal of cooperation among all stakeholders. The SET Plan is being implemented with different financial instruments. Most of them were already in place before the SET Plan publication. Currently, some new instruments have been lunched, increasing the portfolio of financial tools for implementing the SET Plan. In this paper, the SET Plan's motivation is outlined. The definition and structure of the plan is presented and the process carried out to get the plan is analyzed. Special attention has been paid to the instruments for allocating fund. Finally, some conclusions are highlighted.

Author Biographies

  • Andrés Llombart-Estopiñán

    Deputy Director  CIRCE – (Research Centre for Energy Resources and Consumption); University of Zaragoza

  • Ignacio Martín Jimenez,

    Brussels Energy Area manager  CDTI - Centre for the Development of Industrial Technology

  • Elena Calvo Gallardo

    EU R&D Manager  CIRCE – Research Centre for Energy Resources and Consumption

Published

2024-01-17

Issue

Section

Articles