Renewables and Energy State Aid – RESA
The world is facing one of the most turbulent period because of the consequences of the global economic crisis and the related uncertainty in the energy markets. The emerging major challenges of climate change, energy security, and access to energy have become a priority for both governments of developed and emerging economies. The plans about the ideal mix between fossil fuels and renewable energy are on all countries agenda. Countries are increasingly recognising the potential role of renewable energy for a low-carbon energy future.
The world is facing one of the most turbulent period because of the consequences of the global economic crisis and the related uncertainty in the energy markets. The emerging major challenges of climate change, energy security, and access to energy have become a priority for both governments of developed and emerging economies. The decisions about the ideal mix between fossil fuels and renewable energy are on all countries agenda. An important question these countries set is: could renewable natural resources be a good alternative energy source? Renewables met 16 percent of global final energy consumption in 2010 and their share in the electricity generation continues to rise. The demand and market growth of these energy sources has increased at an impressive average rate over the past five years in Europe, Asia, and the United States. Countries are increasingly recognising the potential role of renewable energy for a low-carbon energy future. The decision makers about the optimal energy portfolio are the governments and their plans are crucial at this turning point. The eni-FEEM joint project will try to quantify the state aids to the renewables and to the traditional energy sources for the major European countries. This information will be useful to build a comprehensive database considering all the different technologies and to evaluate the impact of the energy policy on innovation, competition and employment.