Under EC law, the result laid out by a directive is mandatory but member states have leeway in how they will achieve that result. What this means is that each EU state will be required to plan their national future of energy .
The EU commission has now prepared the National Action Plan template (see http://ec.europa.eu/energy/renewables/action_plan_template_en.htm) and member states have until June 2010 to produce their plans.
Minimum requirements for the National Action Plans include expected consumption demands for electricity, h+c and transport and the expected contribution of each renewable energy technology to reach their target (e.g. wind, solar, geothermal, biofuels etc.)
In addition will be the support schemes that will leverage the technologies (e.g. financial mechanisms, incentives, tax breaks, quotas, certificates, fines, feed-in tariffs and subsidies etc).
Members must also indicate what ‘joint projects’ they will do with other member state or non-EU states and what ‘statistical transfers’ they will do to make up their targets, which is essentially pre-arranged transfer of renewable energy ‘credits’ between 2 member states or member and non-EU member.
The timing of the directive is explicit; it is meant to reinvigorate the European economy and bring employment to a recession hit landscape. The levelling effect of the credit crunch means competitiveness lies once again in innovation.
‘Cash is King’ and the European Future Energy Forum will be the largest meeting of private equity investors, clean tech funds and financial instituitions in the EU market this year and the basis of the largest exhange of renewable knowledge in the EU.