Peter Sweatman, Rapporteur
Energy-intensive industries and the energy sector need to continue to contribute in the next decade and beyond to meet Europe’s climate and energy targets. Innovation will play a central role in attaining these long term decarbonisation goals.
In response, the European Commission proposal for revision of the EU Emission Trading System (EU ETS) post-2020 puts forward an Innovation Fund ("IF"). This fund will support innovative demonstration projects in:
The Fund’s design -including eligible technologies and financial modalities-, will need to address those specific market needs and demand for low-carbon innovation, and at the same time ensure the effective use of the funds available.
In January 2017, DG CLIMA launched a consultation process encompassing representatives of the energy-intensive industries, energy sector and finance sector starting with a high-level conference, followed by five expert roundtables over the subsequent three months, concluding with a final public event in June 2017. Published in June 2017, this document is a high-level summary of the sector-specific workshops. In addition, this document provides expert recommendations as regards to the key design elements of the future Innovation Fund.