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.
WIESENTHAL Tobias;
MERCIER Arnaud;
SCHADE Burkhard;
PETRIC Hrvoje;
SZABO Laszlo;
2010-11-25
Publications Office of the European Union
JRC61065
978-92-79-17205-2,
1018-5593,
EUR 24566 EN,
OP LF-NA-24566-EN-N,
http://ipts.jrc.ec.europa.eu/publications/pub.cfm?id=3719,
https://publications.jrc.ec.europa.eu/repository/handle/JRC61065,
10.2791/48266,
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