30% of energy to come from renewable sources; and a 40% improvement in energy efficiency. Current policies SET Plan The FP7 research program only reserved a moderate amount of funding for energy research, although energy has recently emerged as one of the key issues of the European Union. A large part of FP7 energy funding is also devoted to fusion research, a technology that will not be able to help meet European climate and energy objectives until beyond 2050. More in the section on the page of the European Commission's participation in the International Thermonuclear Experimental Reactor - ITER - mega project built in the south of France. The European Commission tried to redress this shortfall with the SET plan. The Steering Group on the implementation of the Strategic Energy Technologies Plan (SET Plan) on 26 June 2008 will set the agenda for an EU energy technology policy. It will enhance the coordination of national and European research and innovation efforts to position the EU in the forefront of the low-carbon technologies markets. The SET plan initiatives: European Wind Initiative focus on large turbines and large systems' validation and demonstration (relevant to on and off-shore applications). See also: European Technology Platform for Wind Energy Solar Europe Initiative focus on large-scale demonstration for photovoltaics and concentrated solar power Bioenergy Europe Initiative focus on 'next generation' biofuels within the context of an overall bio-energy use strategy. See also: European Biofuels Technology Platform European CO2 capture, transport and storage initiative focus on the whole system requirements, including efficiency, safety and public acceptance, to prove the viability of Zero Emission Fossil Fuel Power Plants at industrial scale. European electricity grid initiative focus on the development of the smart electricity system, including storage, and on the creation of a European centre to implement a research programme for the European transmission network. See also: European Technology Platform for the Electricity Networks of the Future Sustainable nuclear fission initiative focus on the development of Generation IV reactors technologies. This includes the ESNII which comprises the Allegro reactor, MYRRHA and ASTRID. The budget for the SET plan is estimated at €71.5 billion. The IEA raised its concern that demand-side technologies do not feature at all in the six priority areas of the SET Plan. The EU resolution is available in EUR-Lex. European Energy Research Alliance (EERA) The European Energy Research Alliance (EERA) is founded by leading research institutes