Project description
Effective policy design in renewables’ storage technology
Access to finance for renewable energy remains fragmented, unequal and insufficient. Regulatory barriers may result in higher systemic risks for the climate, energy access, and financial stability. The EU-funded REnergyStorageDESIGN project aims to reduce such risks by addressing a key question: how can policy design support finance for decarbonisation technology, particularly storage for renewable energy, through a citizen-oriented approach? REnergyStorageDESIGN will propose a regulatory blueprint to support prosumers' investment in renewable energy storage, fostering innovation and enhanced competitiveness at the private and public levels. Because energy technology commercialisation and access to finance are more difficult to achieve for women, the project will investigate gender biases to offer regulatory proposals addressing women’s inclusion.
Objective
The Paris Agreement is the first international accord to engage with the full-scale investment efforts required to address climate change. Moreover, the Sustainable Development Goals (SDGs) have emerged as the global benchmark for directing investments to the clean energy sector. And yet, neither scholarship nor practice has illuminated the combined implications of the Paris Agreement and SDGs for determining how businesses can evolve to maintain their competitiveness and fuel the energy transitions to a net-zero emissions society by the second half of the century (Article 4(1) of the Paris Agreement). In this context, the European Union (EU) starts from a vantage point, which is an ambitious internal action plan toward decarbonization (e.g. the European Green Deal (EGD)), but policy design fails to combine Europe's external and internal obligations to support decarbonization technology. This project focuses on one of the most important areas for decarbonization policies, Energy Storage Technology (EST) for renewable energy, to propose a refined regulatory framework to fulfill the EU's external and internal commitments in climate policy. The project investigates how sustainable investment in renewable energy storage can be fostered through effective policy design that includes prosumers (energy-producing consumers), starting in the EU. Empowering and coordinating prosumers and businesses through effective policy design is one of the most promising strategies for the EU to achieve its vision of a citizen-oriented energy future and 100% renewable energy system by 2050. The multidisciplinary nature of the project is strong, involving policy design, EU and international law and sustainable finance. It includes a two-way transfer of knowledge and the training of the candidate in advanced techniques in energy and climate economics. In line with the EGD, the proposed policy is poised to increase EU competitiveness in EST for renewable energy, and results are transferrable.
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.
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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.1.3. - EXCELLENT SCIENCE - Marie Skłodowska-Curie Actions
MAIN PROGRAMME
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H2020-EU.1.3.2. - Nurturing excellence by means of cross-border and cross-sector mobility
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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.
MSCA-IF - Marie Skłodowska-Curie Individual Fellowships (IF)
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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-MSCA-IF-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.
73100 LECCE
Italy
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.