Quantitative Assessment of the Impact of the Strategic Energy Technology Plan on the European Power Sector

Tobias Wiesnethal (), Arnaud Mercier (), Burkhard Schade, H. Petric and Lazlo Szabo
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Tobias Wiesnethal: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en
Arnaud Mercier: DG RTD
Authors registered in the RePEc Author Service: Tobias Wiesenthal

No JRC61065, JRC Research Reports from Joint Research Centre

Abstract: The goal of this analysis is to capture the effect of increasing research, development and demonstration (RD&D) efforts for a set of low-carbon power technologies on the development of the European energy sector. The report finds that an increase in research efforts on a global level, that for the EU are in line with the RD&D investments proposed in the context of the European Strategic Energy Technology Plan, will contribute to reducing the costs of currently less mature low-carbon technologies, and therefore accelerate their market entry. Following from the lower technology investment costs, the economic rate of return of the additional SET-Plan investments in the EU would be positive, reaching around 15% for a time horizon between 2010 and 2030. The cumulative (discounted) benefit of the RD&D investments would be negative in early years before turning positive around the year 2020 and remaining so thereafter.

Keywords: Quantitative assessment; SET Plan; RD&D; low-carbon power; Climate Policy; climate change; greenhouse gas emission (GHG); POLES; GEM-E3; scenario (search for similar items in EconPapers)
JEL-codes: O30 Q40 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2010-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ipt:iptwpa:jrc61065

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