Public support for the financing of RD&D activities in new clean energy technologies (topic 1)
PublisherLuxembourg : Publications Office of the European Union
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This report was produced as part of the THINK project. Existing demand-pull measures, namely carbon pricing and the Renewables Directive, will be insufficient to deliver an adequate and timely level of private RD&D in new clean energy technologies. Thus, in order to reach the EU 2020 and 2050 climate objectives, there is a need for direct public support to innovation. Public funds need to be spent wisely, given their limited availability. This report contributes a discussion on (i) how to build a balanced portfolio of RD&D projects; (ii) how to choose among financing instruments; and (iii) how to design public support to minimize the risk of ‘funding failure’.
Citation“Olmos, Luis; Newbery, David; Ruester, Sophia; Liong, Siok-Jen; Glachant, Jean-Michel. 2011. Public support for the financing of RD&D activities in new clean energy technologies (topic 1). Luxembourg : Publications Office of the European Union.”
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