Growing global demand for energy to power economic development and growth demands the development of cost-effective technologies for a more sustainable energy economy for Europe (and world-wide) to ensure that European industry can compete successfully on the global stage.
Energy is a vital part of our daily lives in Europe and has been for centuries. But the days of secure, cheap energy are over. We are already facing the consequences of climate change, increasing import dependence and higher energy prices.
Consequently, the EU has been developing its climate and energy policy as an integrated approach that pursues the three key objectives of:
- security of supply: to better coordinate the EU’s supply of and demand for energy within an international context;
- competitiveness: to ensure the competitiveness of European economies and the availability of affordable energy;
- sustainability: to combat climate change by promoting renewable energy sources and energy efficiency.