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CBDC powered Smart PerFORrmance contracTs for Efficiency, Sustainable, Inclusive, Energy use

Project description

A boost for Europe’s sustainable building trend

The construction sector is one of the largest energy-consuming industries and a significant contributor to greenhouse gas emissions. Fortunately, there is a growing trend in Europe’s building industry towards achieving high energy efficiency and sustainability performance. The EU-funded FORTESIE project will develop building renovation packages tailored to meet the needs of different target groups and optimised for improved energy performance, CO2 reduction and increased comfort levels. These renovation packages will combine state of the-art construction materials and technologies, including prefabricated facades, building-integrated photovoltaics and heat pumps. Overall, FORTESIE aims to accelerate the Renovation Wave in Europe and promote more sustainable practices in the building industry.

Objective

The overall vision of FORTESIE is to design, demonstrate, validate and replicate innovative renovation packages in the building industry with Smart Performance-Based guarantees and financing, aiming at Efficient, Sustainable and Inclusive Energy (ESIE) use to accelerate the Renovation Wave in Europe. The renovation packages will combine state-of-the-art construction materials and technologies components (prefabricated facades, BIPV, heat pumps, etc.), innovative digital technologies for measurement and verification, and attractive financing (e.g. contractual frameworks for smart performance guarantees, financing mechanisms, engagement techniques, green-euros, etc.), to raise the overall EPC value proposition. The renovation packages will be tailored to specific target groups needs and optimised to improve the ESIE performance considering energy, CO2 and comfort. Each package will be demonstrated and validated in real life use cases and customised for replication in all other partner countries for immediate market take-up. Methodologies from Social Sciences and Humanities (SSH) will be adopted for: a. the creation of collaborative business models that boost the Renovation Wave by considering all stakeholders’ value and revenue streams, b. novel incentivisation and behavioural change models that aim to stimulate long term engagement with focused interactions to adopt green behaviour c. the incorporation of a digital currency, green-euro, (€G) for financing, rewarding and creating an inclusive /collective narrative in the fight against climate change d. the collection of feedback for recommendations to policy and business stakeholders, e. Mapping and understanding the complex interplay between the different stakeholders to deliver an engagement strategy across the value chain.These demonstrations will potentially constitute the green-euro as a retail Central Bank Digital Currency (CBDC), hence revolutionising the financing of renovation approaches. An online marketplace, will be offering first level advice, directing consumers through the value chain of stakeholders and facilitating access to these “packaged” renovation services.

Fields of science (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.

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.

HORIZON-IA - HORIZON Innovation Actions

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Call for proposal

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

(opens in new window) HORIZON-CL5-2021-D4-02

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Coordinator

EUROPEAN DYNAMICS LUXEMBOURG SA
Net EU contribution

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.

€ 364 020,00
Address
RUE JEAN ENGLING 12
1466 Luxembourg
Luxembourg

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Region
Luxembourg Luxembourg Luxembourg
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
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.

€ 1 057 475,00

Participants (27)

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