EU policy objectives and energy investment decisions
AbstractEU 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.
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Bibliographic InfoPaper provided by European Investment Bank, Economics Department in its series EIB Papers with number 5/2007.
Length: 21 pages
Date of creation: 25 Jun 2007
Date of revision:
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EU policy objectives; energy investments;
Find related papers by JEL classification:
- Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
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- Q49 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Other
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
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