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CARISMA: first synthesis report out

30 September 2016 - Foreword of the week

CARISMA has prepared a Synthesis Report to summarise the work done during the first 18 months of the project. It describes for each main topic what has been done, what has been achieved and what will be the next steps.

Read the synthesis report

Based on the preliminary project results, the following key messages have been found :

 

  1. Research & innovation (R&I) for mitigation
  • Information on Member States’ and EU R&I funding is difficult to find
  • EU R&I funding gravitates towards solar energy and CO2 capture and storage
  1. Policies for climate change mitigation
  • Information on mitigation policies is hard to find, poorly organised and the quality is difficult to assess;
  • Mitigation policies often interact with energy policies as they target similar stakeholders. This could lead to synergies, but it is important to have provisions in place in case of unanticipated and undesired effects of policy interactions.
  1. Global climate mitigation R&I networks are emerging
  • Benefits for European firms are: access to emerging markets, stronger R&I efficiency and higher innovation quality
  • Disadvantages are: EU knowledge industries may lose employment, knowledge base and intellectual property
To learn more
  • 12/19/2024 Op-ed
    The EU’s research & innovation programme can power a cleantech revolution

    Translating innovation into world-leading industries is critical, and FP10, the EU’s next flagship R&D funding programme after Horizon Europe concludes, offers a chance to bridge this gap. The Green Deal era saw Europe embrace ‘Cleantech 2.0’, with record investments and new projects. Yet 2024 has brought a reckoning. Slowing demand in sectors like heat pumps and electric cars, Chinese industrial overcapacity, and attractive subsidies in the US and Canada have left European cleantech struggling to compete. Closures, layoffs, and stalled projects – including the high-profile collapse of Swedish battery maker Northvolt – have shaken the sector. The EU’s Net Zero Industry Act and the upcoming Clean Industrial Deal aim to support cleantech manufacturing, but catching up isn’t enough. To lead globally, the EU must focus on the next wave, including new battery chemistries and next-gen renewables – ‘Cleantech 3.0.’

  • 12/11/2024
    Leveraging the Prudential Toolkit for Effectively Managing Stranding Risks: A focus on the European Banking Industry

    As the European economy decarbonizes, economic assets across sectors are at risk of stranding or repricing from transition pressures. Yet private financial institutions, particularly banks, often narrowly focus on fossil fuel credit losses using historical data, underestimating broader ‘whole of economy’ stranding risks. Risk mitigation in the form of prudential capital buffers and loss provisions […]

  • 12/06/2024 Foreword of the week
    COP29 delegates have left Baku, but the financing challenge remains

    The COP29 in Baku was supposed to breathe new life into North-South climate cooperation through the negotiation of the new NCQG financing target. Instead, confrontational negotiations produced a half-hearted agreement, and the onerous task of charting a path to bridge the resource gap before the next COP.

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Press contact Amélie FRITZ Head of Communication and press relations Email
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