July 8, 2009A report by the Stockholm Environment Institute, entitled ‘A European Eco-efficient Economy’, will provide a basis for discussions during an informal meeting of energy and environment ministers in Åre on 23-25 July. Thus, Sweden, which took over the EU’s rotating Presidency on July 1st, has pledged to put energy efficiency high on its agenda. One of its priorities is to lead a shift to an eco-efficient economy where economic growth and climate-friendly policies go hand-in-hand. The report argues that Europe’s leadership is “primarily evident” in its climate change commitments, but in order to continue attracting investment and businesses, greater efforts must be made to promote innovation and energy efficiency. Crucially, the report urges the EU to step up programmed interventions, alongside more generic policies, to induce development and diffusion of eco-efficient technologies such as hydrogen. Due to the lack of support system, EU has so far lagged behind main competitors such as the US and Japan. The importance of a strong domestic market to nurture the growth of new industries is well known but the potential of Europe becoming a lead market for new technologies is partly unfulfilled today. The report suggests that one example to learn from is the [...]
