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

Sophia Ruester*, Sebastian Schwenen, Matthias Finger, Jean Michel Glachant

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

4 Citations (Scopus)

Abstract

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.

Original languageEnglish
Pages (from-to)160-174
Number of pages15
JournalInternational Journal of Energy Technology and Policy
Volume9
Issue number2
DOIs
Publication statusPublished - 2013
Externally publishedYes

Keywords

  • Decarbonisation
  • European energy technology policy
  • Innovation
  • Technology push
  • Uncertain policy Context

Fingerprint

Dive into the research topics of 'A strategic energy technology policy towards 2050: No-regret strategies for European technology push'. Together they form a unique fingerprint.

Cite this