Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-11-Speech-4-009"
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"en.20100311.2.4-009"2
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"Madam President, although I am replacing my colleague Günther Oettinger today, it is a real pleasure to discuss with you the future of low-carbon technologies.
I personally was closely involved in the development of the European Strategic Energy Technology Plan (SET Plan) in the last Commission and I believe strongly that the development of these technologies is one of the cornerstones of the energy policy we have to develop jointly in the years to come.
Parliament’s report on the SET Plan of June 2008 was very clear in proposing an appropriate level of ambition. We should not now lower this ambition. Today you have asked three clear questions and I will respond to them in turn.
First, regarding our priorities for 2010 to 2020 and the launch of the European industrial initiatives, those six initiatives really match our priorities – wind, solar bio-energy, sustainable fission, smart grids, and carbon capture and storage are priorities that were strongly endorsed by Parliament and the Council.
At your request, we have also prioritised energy efficiency by developing a new dedicated initiative – ‘Smart Cities’ – to unlock the market potential of energy efficient technologies in cities and regions. To prioritise activities within this initiative, the Commission has developed, together with the stakeholders, technology road maps for the period 2010-2020. These road maps establish concrete objectives as well as the activities needed to achieve them. The initiatives are mature for launching this year, 2010. Smart Cities are planned for the following year.
Your second question concerns the need for predictable, stable and adequate budgets for the SET Plan in the current financing period and post-2014. Our estimate of the public and private investment needs for the development of low-carbon technologies in the SET Plan is EUR 8 billion per year. Today about EUR 3 billion are being invested annually in the European Union, which means that a further EUR 50 billion is needed for the period 2010-2020. Bridging this gap should be one of the key institutional discussions over the coming years. Effort must be focused where intervention is most efficient, avoiding duplications and fostering the greatest potential impact in the market.
It is clear that EU level investments – coming either from the Seventh Framework Programme or the European Energy Programme for Recovery – will not be enough. Nor will the potential funds from the 300 million emissions trading allowances set aside for the demonstration of carbon capture and storage and innovative renewable technologies. At current prices this is approximately EUR 4 billion. Major efforts are therefore required, both by the private and public sector; the public sector includes both the European Union and of course also the Member States. To be blunt, the bulk of the money will have to come from where the bulk of the money is.
Thirdly, you asked if the Commission intends to finance other technology avenues and propose additional industrial initiatives. Other technologies that deserve European-level intervention will certainly emerge over time, so the SET Plan must remain flexible, as we have already shown with the new initiative on energy efficiency – Smart Cities – which we expect to launch, as I said, in 2011. We will closely monitor the most promising technologies through the SET Plan information system. SETIS, as this is called, is already working on storage and ocean technologies to assess their potential and identify the best opportunities for European intervention. We have also encouraged the establishment of a new technology platform on renewables, heating and cooling, that should help the sectors involved better to define their technology transfer.
I am very pleased to see this file getting the support it deserves. It is a key file for achieving our energy policy goals, a key file for Europe and for our future."@en1
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