The Informal Energy Council, which took place on 23 September 2015 in Luxemburg, focused on new energy technologies and business, as well as on relevant investment opportunities in Europe. The aim of the meeting was to call for further cooperation between EU countries on research and innovation in new energy technologies under the Energy Union research and innovation priority, as well as under the Strategic Energy Technology (SET) Plan. The upgraded SET Plan, which was adopted by the European Commission on 15 September 2015, will help achieve the research and innovation dimension of the EU's Energy Union.
At the meeting, sessions were devoted to new energy technologies and their business potential, as well as issues such as energy and development aid. The meeting was attended by Europe's energy ministers, the EU Vice-President for Jobs, Growth, Investment and Competitiveness Jyrki Katainen and European Commissioner for Climate Action and Energy Miguel Arias Cañete.
The SET Plan has been a cornerstone of the EU's energy and climate policy since it was established in 2007. It has triggered substantial investments in low-carbon technologies and has boosted cooperation across the EU among stakeholders in research. Its aim is to accelerate the development and deployment of low-carbon technologies, to improve new technologies and bring down costs by coordinating research and helping to finance projects.
The SET Plan promotes research and innovation efforts across Europe by supporting technologies with the greatest impact on the EU's transformation to a low-carbon energy system. It also promotes cooperation amongst EU countries, companies, research institutions, and the EU itself.
The upgraded SET Plan was in the limelight at the SET Plan Conference which took place on 21-22 September 2015 in Luxembourg. European Commissioners Carlos Moedas, responsible for Research, Science and Innovation, and Miguel Arias Cañete, responsible for Climate Action and Energy, presented it to the public.
For further information, please visit the relevant European Commission website: http://ec.europa.eu/energy/en/news/informal-energy-council-focuses-investments-energy