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: https://op.europa.eu/en/web/eu-vocabularies/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.
- engineering and technologyenvironmental engineeringenergy and fuelsrenewable energy
- social scienceseconomics and businesseconomics
- social scienceslaw
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Keywords
Programme(s)
Funding Scheme
MSCA-IF - Marie Skłodowska-Curie Individual Fellowships (IF)Coordinator
73100 Lecce
Italy