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EU policy objectives and energy investment decisions

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  • Alario, Juan

    ()
    (European Investment Bank, Projects Directorate)

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    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.

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    File URL: http://www.eib.org/attachments/efs/eibpapers/eibpapers_2007_v12_n01_en.pdf#page=108
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    Bibliographic Info

    Paper provided by European Investment Bank, Economics Department in its series EIB Papers with number 5/2007.

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    Length: 21 pages
    Date of creation: 25 Jun 2007
    Date of revision:
    Handle: RePEc:ris:eibpap:2007_005

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    Keywords: EU policy objectives; energy investments;

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