SET Plan – launch of 4 European Industrial Initiatives
Four European Industrial Initiatives of the Strategic Energy Technology (SET) Plan were launched on 3 June 2010 in Madrid under the Spanish Presidency of the EU, with the aim to put the EU in the pathway to achieve its goals for 2020 and enable the transition to a low carbon economy by 2050:
1. Wind
2. Solar (Photovoltaics and Concentrated Solar Power)
3. Electricity Grids
4. Carbon Capture and Storage.
The European Industrial Inititatives mean that public and private sector engaged to accelerate the development of low carbon technologies, namely the European Commission, the Presidency of the European Union (Spain), the co-Chairs and Members of the SET-Plan Steering Group, and high-level representatives of the 4 industries have agreed to support:
- Technology Roadmaps (2010-2020) including concrete action plans to develop the technologies and improve their competitiveness,
- Implementation Plans which focus on the priority actions for 2010-2012 and
- light and non-bureaucratic governance structure that involves all of us while preserving full sovereignty over the use of our own resources.
The next step will be to put into operation the actions envisaged by the four sectors, through effective European projects that will make better use of public and private resources, bringing the technological competitiveness to the European industries as well as paving the way towards a European low carbon economy.
As part of the EU's Strategic Energy Technology Plan (SET) - which seeks to accelerate the development and deployment of cost-effective low carbon technologies - the added value of the CCS EII will be to drive and accelerate the required changes in policy, technology and financing at all levels of governance toensure delivery in an efficient and timely manner.
The CCS EII has two key objectives:
1.Ensure the cost competitive deployment of CCS after 2020
2. Further develop CCS to allow its application to all carbon intensive industrial sectors
Both objectives are vital for the EU to reach its long-term emissions reductions targets.
The specific tasks of the CCS EII include:
- identification of priority actions;
- synchronisation of agendas through coordination of timeline and actions;
- identification and management of synergies between ongoing activities and possible interdependencies on risks between activities;
- monitoring and reporting of progress to stakeholders in reaching EII objectives.
Please click here to read the Joint Statement on the launch of the European Wind, Solar, Electricity Grids and Carbon Capture and Storage Industrial Initiatives.