LETITProject reference: 502787
Funded under: FP6-SUSTDEV
Local New Energy Technology Implementation (LETIT)
Total cost:EUR 898 627
EU contribution:EUR 506 411
Coordinated in:United Kingdom
Call for proposal:FP6-2002-ENERGY-1
Funding scheme:STREP - Specific Targeted Research Project
Europe is facing increasing difficulties in meeting the ambitious renewable energy, energy efficiency and climate change targets set over the past decade. This is despite the instigation of numerous Community and Member State projects, programmes and legislative drivers. One of the key reasons for these difficulties stems from the fact that much of the responsibility for or the-ground approval, licensing and implementation of initiatives rests at a local level, with local authorities and local investors, whose levels of awareness and priorities are diverse and governed by another set of drivers. Local authorities typically lack the essential tools and capabilities to identify opportunities for investment or for promoting investment in sustainable energy.
The proposed "Local New Technology Implementation - LETIT" project aims to address each of these needs in a systematic manner to promote investment in new technology to achieve Europe' s sustainable energy targets. It brings together energy sector and technology experts from six European countries, to work with key local- level stakeholders in the participating countries.
The main actions are to:
Assess local priorities and develop a framewoik for identifying and valuing local assets from a sustainable energy perspective.
Engage key stakeholders, most particularly local authorities and investors, in defining and managing risk within a replicable European framework.
Develop asset, technology, externality (benefits and costs) and risk matrices, which then form the basis for setting scenarios and modelling investment options under the project.
Form local action plans that address key priorities of the local authorities, as identified at the start of the project.
Through these actions, the project with develop the tools and the framework to accelerate the investment and uptake of sustainable energy in ways that can be relocated throughout Europe.
NESTON - CORSHAM