EU policy objectives and energy investment decisions

Juan Alario ()
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Juan Alario: European Investment Bank, Projects Directorate

No 5/2007, EIB Papers from European Investment Bank, Economics Department

Abstract: EU energy policies have changed focus in the last few years with a view to substantially reducing energy import dependency and greenhouse gas emissions. The EU Commission has played a leading role in defining the new orientations. The implementation of the EU policy objectives approved by the Council of March 2007 will require a substantial expansion of energy investments. However, the degree of uncertainty affecting investment decisions remains high, notably in relation to the pricing of CO2 and high energy-price volatility. To make the necessary investment in lowcarbon technologies happen, energy policies need to establish a credible long-term framework that reduces uncertainties.

Keywords: EU policy objectives; energy investments (search for similar items in EconPapers)
JEL-codes: Q40 Q48 Q49 Q58 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2007-06-25
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Persistent link: https://EconPapers.repec.org/RePEc:ris:eibpap:2007_005

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