Project description
Fresh insight into current energy efficiency schemes
Greening investments is a top priority for the EU, which requires financial advisers to consider the environmental objectives of their clients and beneficiaries. However, energy efficiency (EE) and sustainable energy (SE) investments face a finance gap. The EU-funded LEVEL EEI project will make these EE and SE products more competitive. It will conduct behavioural science field experiments to assess end users’ demands for environmental products. It will also review the compliance of green marketing claims associated with financial products. The findings will provide fresh insight into current regulatory schemes, support the spread of the solutions throughout Europe and deliver a database for environmental financial products.
Objective
Energy Efficiency (EE) and Sustainable Energy (SE) Investments face a finance gap. To help addressing this gap, the project aims at making the financial products contributing to EE/SE more competitive.
In the context of the reforms introduced by the EC on investors’ duties, financial advisors have now an obligation to take into account the environmental objectives of their clients and beneficiaries. Our preliminary findings suggest that 2/3 of end-users have such objectives. Building on these findings and the reform, the project will reveal the demand for environmental products, through surveys in 8 countries (360M citizens). We will then verify that end-users ‘walk the talk’ through behavioral science field experiments.
The second part of the project will focus on the offer of “green” products: our lawyers will analyze the compliance of the green marketing claims associated with financial products, and recommend best practices and an evolution of the regulatory framework. To help product manufacturers further improve their practices, we will design and pilot-test an environmental management framework for financial products and help strengthen the draft criteria of the related future EU Eco-label.
Finally, to enable the deployment of our solutions across Europe, we will develop a toolkit for both product manufacturers and distributors including an online questionnaire for clients and a database of environmental financial products.
The expected impact is to leverage the demand from end-users to push environmental objectives into institutional investors investment strategies, and introduce proper environmental management to ensure that these objectives are translated into additional EE/SE investments in the real economy.
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: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- engineering and technology environmental engineering energy and fuels renewable energy
- natural sciences computer and information sciences databases
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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)
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.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy
MAIN PROGRAMME
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H2020-EU.3.3.7. - Market uptake of energy innovation - building on Intelligent Energy Europe
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H2020-EU.3.3.1. - Reducing energy consumption and carbon foorpint by smart and sustainable use
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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.
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.
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.
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.
CSA - Coordination and support action
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-LC-SC3-2018-2019-2020
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
10119 Berlin
Germany
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.