Public support for the financing of RD&D activities in new clean energy technologies (topic 1)

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'.

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Year of publication:	2011
Other Persons:	Olmos, Luis (contributor) ; Newbery, David (contributor) ; Ruester, Sophia (contributor) ; Liong, Siok-Jen (contributor) ; Glachant, Jean-Michel (contributor)
Institutions:	European University Institute (issuing body)
Publisher:	Luxembourg : Publications Office
Subject:	Erneuerbare Energie \| Renewable energy \| Energietechnik \| Energy technology \| Förderung erneuerbarer Energien \| Renewable energy policy \| Technologiepolitik \| Technology policy \| Forschungsfinanzierung \| Research funding