EU Renewable Energy Strategy The Targets: 40% cut in greenhouse gas emissions compared to 1990 levels at least a 27% share of renewable energy consumption at least 27% energy savings compared with the business-as-usual scenario What do they represent? In October 2014, EU leaders agreed a new framework for climate and energy, including EU-wide targets and policy objectives for the period between...

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Launched in 2013, Horizon 2020 is the biggest EU research programme ever. Nearly €80 billion of funding is available through the programme between 2014 and 2020, an increase of 23% compared to the previous phase, the 7th Framework Programme). The programme supports ocean energy related RD&I (research, development and innovation), with calls specific to the sector, and of more general relevance....

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Due to the capital-intensive nature of the ocean energy industry, it has a strong upfront investment requirement. This can be difficult to source, especially for first-of-a-kind projects. One tool available at EU level is the NER300 programme.   NER300 is a financing instrument managed jointly by the European Commission, European Investment Bank and Member States, to provide support for innovative...

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