A strategic energy technology policy towards 2050: no-regret strategies for European technology push

As current policy frameworks are expiring soon, the EU is revisiting its energy technology policy for the post-2020 horizon. The main long-run objective for energy technology policy is to foster the achievement of ambitious EU goals for decarbonisation. We discuss how European energy technology policy towards 2050 can be effective despite: 1) uncertain carbon prices; 2) uncertain technological change; and 3) uncertain or alternating policy paradigms shifting the focus from decarbonisation towards competitiveness or energy supply security. Public support to innovation in energy technologies is needed to correct for market failures and imperfections, as well as to fully
exploit trade opportunities of such technologies on global markets. Benefits from EU intervention can be expected from the coordination of national policies. Effective European technology push should put strong emphasis on
pushing consumption-oriented and enabling technologies, as these offer a no-regret strategy vis-à-vis any future context.

Finger, Matthias; Glachant, Jean-Michel; Ruester, Sophia; Schwenen, Sebastian; Int. J. Energy Technology and Policy, Vol. 9, No. 2, pp.160–174.


Author:

Finger, Matthias; Glachant, Jean-Michel; Ruester, Sophia; Schwenen, Sebastian

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  decarbonisation     European energy technology policy     innovation     technology push     uncertain policy context