The 2018 US Budget Bill, passed by the House and Senate in mid-February, will shape funding for energy technologies for the next decade. IEA analysis suggests it could trigger the largest surge in carbon capture investment of any policy instrument to date.
The Board of Directors of the European Investment Bank (EIB) has approved a loan request from Northvolt AB. The financing, a facility of up to EUR 52.5 million, is projected to be supported by InnovFin – EU Finance for Innovators’s Energy Demonstration Projects facility, with the financial backing of the European Union under Horizon 2020 Financial Instruments.
In September 2015, the SET Plan Communication, tackling the energy system in Europe as a whole and going beyond a ‘technology silos’ concept, translated the Energy Union Research, Innovation and Competitiveness priorities into 10 Actions. Since then, through a widely participatory process, national governments, industry and research actors, involving 154 umbrella organisations that represent 16 700 entities, have set ambitious R&I targets in each of the 10 priorities. The aim of these targets is to accelerate the decarbonisation of the energy systems, by making technologies cost-effective and better-performing. Reaching the targets will place Europe at the forefront of the next generation of low-carbon energy technologies and of energy efficiency, creating economic growth, jobs and increased competitiveness. It will also positively impact on the well-being of European citizens. The document focuses on the important progress achieved in the year following the Integrated SET Plan Communication of September 2015.
On 22 November, the Estonian presidency reached a provisional deal with European Parliament representatives on the adoption of a decision repealing and amending outdated EU environmental legislation and providing legal clarity on the reporting obligations related to environmental matters. Given the references in this decision to the Waste package, it has been decided to postpone the plenary vote in the European Parliament until an agreement on the new waste legislation is reached. The entry into force will therefore occur at the same time, thereby ensuring legal consistency.