Project description
Enhancing EU models for green innovation
Macro-economic models play a critical role in guiding the EU’s strategic planning for research and innovation (R&I), and the green transition. However, these models lack a detailed representation of R&I policies, green technologies, and the sectors developing them. They fail to capture the full impact of research and development (R&D) on innovation, monopoly rents, and the deployment of green and digital technologies. This limits their effectiveness in supporting the EU’s green transition goals. To address these challenges, the EU-funded TWINRD project will develop new data, technology matrices, and enhance existing models. Specifically, it will improve the representation of R&I policies. The project also creates open-source tools to assess the socio-economic and environmental impacts of R&I policies.
Objective
Macro-economic models are widely applied across the EU to support strategic planning for R&I and the green transition. However, these models do not include a detailed representation of R&I policies and do not explicitly model green technologies and the economic sectors that develop these technologies, the performance of R&D and its role in creating first mover advantages, monopoly rents, and eventually successful deployment of the green and digital technologies. To respond to these challenges, TWINRD aims to develop new data, technology matrices, models and enhance leading existing macro-economic modelling (GEM-E3 and NEMESIS). To this end TWINRD will develop innovative and interdisciplinary approaches for the enhanced modelling representation of R&I and innovation policy in EU-27 and improve the integration of R&I activities in applied macro-economic models based also on the collection, empirical analysis and integration of new data and technology matrices for green and digital technologies into the macro-models. TWINRD will develop a new innovative, open-source model specifically designed to address the Twin transition that goes beyond the standard approaches and will be both supply and demand driven. The advanced modelling tools will be used for the evaluation and assessment of R&I policy impacts on socio-economic and environmental indicators aiming to distil policy-relevant insights. All datasets, models and sets of software will be made freely accessible to stakeholders and the public in the TWINRD online platform and in other channels. The entire project will be based on active stakeholder interactions and inclusive dialogue to co-design the research and scenarios explored based on the creation of TWINRD open forum.
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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HORIZON.4.2 - Reforming and enhancing the European R&I System
MAIN PROGRAMME
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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.
HORIZON-CSA - HORIZON Coordination and Support Actions
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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) HORIZON-WIDERA-2023-ERA-01
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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.
115 23 ATHINA
Greece
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
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.