“EU energy: decarbonisation and economic competitiveness” IET evidence to House of Lords European Union Committee (Sub-Committee on Agriculture, Fisheries, Environment and Energy)
Abstract The IET evidence answers six key questions posed by the Lords Committee. Regarding: energy’s contribution to economic growth we note that lowest cost form of decarbonisation is to use less energy and to use energy more efficiently. The IET therefore welcomes the EU’s direct role in product standards and calls for delays for inclusion of product standards in the Eco-design Directive to be addressed. Regarding reducing the costs of energy for business and consumers, the IET advises that for offshore wind, significant price reductions are likely to need major commitments to large construction programmes to give the industry confidence to invest in radical change in its supply chains. The earlier this change takes place the better the UK will be able to capture global markets for these low carbon technologies. The IET agrees with the Lords Committee that gas has a critical role in transforming the energy system. A common EU approach to transforming the energy system, the Internal Market in energy, and research and innovation are also discussed.
Submission Details Submitted on 03 October 2012 to House of Lords European Union Committee (Sub-Committee on Agriculture, Fisheries, Environment and Energy)