Page 78 - European Energy Innovation - Summer 2015 publication
P. 78
Summer 2015 European Energy Innovation


help revolutionize the European innovation in industrial processes.
pulp and paper industry. They
would also result in savings in the More generally, we would need
range of 20-50% primary energy to streamline regulatory policies
reduction and 20-55% carbon with funding opportunities, at
emission reduction. both European and national
level. The regulatory framework
The identified breakthrough should incentivise and reward
concepts have the potential investments in Europe. The
to revolutionise the way our funding opportunities should
sector operates. But they are not be tailored to address those
commercially available yet. To segments of high strategic
bring them to a reality by 2030, relevance for the EU economy,
a proper innovation policy to but where private capitals
support the industry is needed. are least likely to flow. Under
Innovation funding streams would these conditions, the future
be needed to particularly support could very well look bright
demo and pilot projects, known indeed. l
for being “high capital – high risk”

In this respect, we have high
expectations from the upcoming
NER400 funding opportunity,
as agreed by heads of States
and Governments in the
October 2014 European Council
conclusions. The fund is expected
to support also low-carbon
projects to support industry.
Additionally, we welcome the
recent political agreement in
the Market Stability Reserve for
the Emission Trading System,
whereby 50 million credits should
be used to support low-carbon
innovation in industry. Funding
mechanisms under Horizon
2020, together with regional and
structural smart specialisation
funds, should also be actively
combined in a way to support
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