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EU policy objectives and energy investment decisions

Author

Listed:
  • Alario, Juan

    () (European Investment Bank, Projects Directorate)

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.

Suggested Citation

  • Alario, Juan, 2007. "EU policy objectives and energy investment decisions," EIB Papers 5/2007, European Investment Bank, Economics Department.
  • Handle: RePEc:ris:eibpap:2007_005
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    More about this item

    Keywords

    EU policy objectives; energy investments;

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • 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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