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Content archived on 2024-06-18

Security of Energy Considering its Uncertainty, Risk and Economic Implications

Objective

The SECURE project will build a comprehensive framework that considers all the issues related to the topic of security of supply, including geopolitics, price formation and the economic and technical design of energy markets inside and outside the EU. Tools, methods and models will be developed to measure and assess EU security of energy supply both outside the EU and inside the EU. The objective is to evaluate the vulnerability of the EU to the different risks which affect energy supplies in order to help optimizing the Union’s energy insecurity mitigation strategies, including infrastructure investment, demand side management and dialogue with producing countries. This project will develop energy security indicators for all the major energy sources in order to identify the risk factors and quantify the EU exposure to volume and price risks in the short and long terms, including impacts of severe accidents and terrorist threats. Costs and benefits (both measurable and perceived) of energy security will be evaluated for different energy supply/demand scenarios to help policy makers providing the most appropriate institutional, political and industrial solutions. All major energy sources and technologies (oil, natural gas, coal, nuclear, renewables and electricity) will be addressed from upstream to downstream with both a global and sectoral analysis studying in depth issues such as technical, economic/regulatory and geopolitical risks. The analysis will also integrate demand as a key issue related to energy security. The SECURE project has both a strong quantitative and qualitative component and will at the end not only provide a comprehensive methodological and quantitative framework to measure energy security of supply, but it will also propose policy recommendations on how to improve energy security taking into account costs, benefits and risks of various policy choices.

Fields of science (EuroSciVoc)

CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.

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Keywords

Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)

Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

FP7-ENERGY-2007-1-RTD
See other projects for this call

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

CP-FP - Small or medium-scale focused research project

Coordinator

OBSERVATOIRE MEDITERRANEEN DE L'ENERGIE
EU contribution
€ 419 125,00
Address
32 BIS BOULEVARD HAUSSMANN
75009 Paris
France

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Region
Ile-de-France Ile-de-France Paris
Activity type
Research Organisations
Links
Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

No data

Participants (14)

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