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HomeMarket testing for low-carbon innovation support to energy intensive industry and to power generation
Demand for innovation support
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This report forms the second part of the wider project “Market Testing for Low-Carbon Innovation Support to Energy Intensive Industry and to Power Generation” (the project), designed to provide DG CLIMA with insights into the market demand for the Innovation Fund, and to provide insights for the Impact Assessment. This report is designed to provide the EC with new insights into the possible design of the Innovation Fund by assessing the needs of market participants, and in particular the specific needs of the energy intensive industry sector. These needs may be of a financial, technical or other nature. For example, energy intensive industry may be exposed to different risk ratings, type of support or project milestones or may verify their CO2 emissions in a different manner. It addresses the energy intensive industry sectors covered by the EU ETS (Steel, Iron, Aluminium, Copper, Oil refineries, Chemicals & bio-based, Pulp & paper, Cement, Lime, Glass & ceramics) and compares them to the equivalent needs of the innovative RES, energy storage and CCS sector. As an input for this report, the consortium supported seven Expert Roundtables (ER) chaired by the Commission on Finance for Innovation: Towards the ETS Innovation Fund. The roundtables analysed, for all areas to be covered by the Innovation Fund, what type of support the EU could provide in facilitating the development and quick adoption of needed innovation and which modalities for such support would matter. The consortium joined the roundtables, provided input (an illustrative picture of the innovation needs of energy intensive industry, renewable energy sector and CCS) and specified the outputs (content and format) that the roundtables needed to deliver. The findings from the Expert Roundtables are reported separately, but are referred to regularly throughout this report. To complement the findings of the ER and gather a wider range of stakeholders’ views on design options, the consortium conducted an Expert Survey (ES) on the Innovation Fund. A total of 493 expert stakeholders were selected and contacted following agreement with the Commission, leading to 110 responses (including 12 pilot questionnaires). The purpose of the ES was to predict the performance of and potential market for the Innovation Fund once it is launched in the EU Member States. Its findings feed into the other reports that the consortium is drafting for the Commission. Chapter 2 of this report integrates findings from the ES with findings from the ER, and additional findings from literature. Chapters 3 and 4 of this report provide the methodology and the detailed results of the ES respectively. The ER is covered in a separate report.
- Published:
- Corporate author(s): Directorate-General for Climate Action (European Commission) , Ecofys , GreenStream
- Personal author(s): Krabbe, Oskar ; Stork Michiel
- Themes: Environment policy and protection of the environment , Energy policy
- Subject: energy industry , energy production , energy storage , fund (EU) , innovation , market , reduction of gas emissions , testing
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| ISSN | ISBN 978-92-79-93278-6 | DOI 10.2834/028129 | Catalogue number ML-06-18-029-EN-N |
- Released on EU publications website:
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