(...) Energy policy is crucial for the Union's security and economic success. Growth and jobs depend on safe, secure, sustainable and affordable energy supplies. To set the EU firmly on a more secure and sustainable energy path for the future, EU leaders must urgently take a number of critical decisions.
Therefore, the European Council of 4th February comes at a highly opportune moment. Over the last year, the European Commission has set the scene for a future-oriented EU energy policy that delivers to citizens and businesses, notably with its Energy 2020 strategy (IP/10/1492) and the Communication on infrastructure (IP/10/1512 and MEMO/10/582). These ideas will serve as a basis to this week’s debate. The EU adopted visionary energy and climate objectives in 2007. Now is the time to further develop its toolbox to reach the objective of safe, secure, sustainable and affordable energy. (...)
(...) Common action at the EU level can add real value by improving the framework conditions for research and innovation in the EU. The Europe 2020 flagship initiative on an Innovation Union describes how Europe can deliver real added-value to boost innovation. Europe must become an environment conducive to innovation, through effective standardisation, better use of intellectual property rights, innovation-friendly public procurement and measures to help small, innovative companies to secure financing. This memo outlines some of the key issues that are on the table of this week's European Council meeting. (...)
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