Press information and invitation on EU's SET Plan conference

On October 21-22 a conference on the EU's Strategic Energy Technology Plan (SET Plan) will take place in Stockholm, Sweden. It is organized by the Swedish Energy Agency in collaboration with the European Commission.

EU aims for additional 50 billion Euro investment in energy technology:

EU's Strategic Energy Technology Plan (SET Plan) conference in Stockholm opens October 21 with the Swedish minister of energy and the EU commissioners for energy and for research, discussing EU's future energy solutions.

On October 21-22 a conference on the EU's Strategic Energy Technology Plan (SET Plan) will take place in Stockholm, Sweden. It is organized by the Swedish Energy Agency in collaboration with the European Commission. The EU's Strategic Energy Technology plan will accelerate the development and deployment of cost-effective low carbon technologies.

In connection with the Conference on the EU SET-plan we invite you to a attend the opening session and a press meeting at 11.00 on October 21, where Mr Andris Piebalgs, Commissioner for Energy and Transport, and Mr Janez Potočnik, Commissioner for Science and Research, will explain the situation regarding investment in Europe's future strategy for energy technology. Ms Maud Olofsson, Swedish Minister of Energy, will host the meeting

Research and innovation in energy technology are vital in meeting the EU's ambition to reduce greenhouse gas emissions by 60-80% by 2050. The Commission has recently presented a Communication on Investing in the development of low-carbon energy technologies. According to this the Commission estimates that an additional investment of €50 billion in energy technology research will be needed over the next 10 years. This means almost tripling the annual investment in the European Union, from €3 to €8 billion.

The proposal represents a step forward in the implementation of the European Strategic Energy Technology Plan, the technology pillar of the EU's energy and climate policy. Different sources of funding are considered, from public and private sectors at national and EU level, which also will help to push forward a fast growing industrial sector.

"We welcome the initiative to further strengthen European research and development. The joint effort may bring European industry back in the lead of sustainable energy technologies", says Dr Tomas Kåberger, Director General of the Swedish Energy Agency.

The opening session begins at 10.00 and the press meeting takes place on October 21 at 11.00-11.30 a.m. on October 21 at Berns Salonger, Berzelii Park, Stockholm. Please bring your press card or a certificate of service from your editor-in-chief.

Background

With current trends and technologies, the EU and the world will not achieve its climate change objectives at a cost that is economically sustainable. Unless there is a major change in the EU's approach to such technologies, The Commission fears that these objectives will not be met, or that the technology to do so will come from outside the EU. The energy innovation process, from initial conception to market penetration, needs better structure and financing. A new mind-set is required.

The European Commission's new approach focuses on more joint planning, making better use of the potential of the European Research and Innovation Area and fully exploiting the possibilities opened up by the Internal Market. In particular, the Plan includes the commitment to set up a series of new priority European Industrial Initiatives focusing on the development of technologies for which working at Community level will add most value.