CNBC European Business » VIEWPOINT
The Libertas Institute proposes such a new departure in the establishment of a European Energy Innovation Fund which will award licenses and matching funding to a limited number of new, carbon-neutral entrants to the energy market with the best proposals for the production of electricity, transport fuels and heating judged on criteria including technological innovation, cost to consumers and fastest and most efficient rollout. The fund could be endowed with a portion of the proceeds of the European member state auctions of CO2 emissions allowances, through a supply-side tariff on consumption of oil and gas or a combination of both... An independent panel would assess the submissions for funding from new entrants to the energy market, which would attract matching funding from private equity and debt sources. Conditional, time-limited licenses to produce different forms of energy, together with funding, would be awarded to successful entrants.
An independent panel would assess the submissions for funding from new entrants to the energy market, which would attract matching funding from private equity and debt sources. Conditional, time-limited licenses to produce different forms of energy, together with funding, would be awarded to successful entrants.
Renewables are adequately financeable with existing support mechanisms. What might be needed is a streamlining of the various public entities that have to give their opinion on any given project (ie coordination of the permitting process), and promises not to tinker with support mechanism for long enough that investors can trust the framework in place and base their decisions on it. In the long run, we're all dead. John Maynard Keynes
To me, this seems like a call for corporate welfare in the crudest sense: the nurturing of some start-ups into future big private companies on public money based on green criteria. *Traitor*, n. A benighted individual who perceives an illusory distinction between serving his nation and abetting the criminals who govern it.
