General objectives
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 RE-DESIGN 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 European Green Deal, the proposed policy is poised to increase EU competitiveness in Energy Storage Technology for renewable energy, and results are transferrable.

CMCC role

RE-DESIGN is a Marie Skłodowska-Curie Individual Fellowships. CMCC hosts the project and offers scientific supervision to the Fellow, Dr. Esmeralda Colombo. Dr. Andrea Bigano (ECIP Division) is the project Scientific Supervisor and Giulia Galluccio (ISCD Division) is the co-supervisor.

Activities

• to examine climate change as not only a financial risk, but also a financial opportunity for the private and public sectors through the financing and deployment of renewable energy;
• to determine the combined EU’s internal and external commitments that can make energy storage technology (EST) for renewable energy a financial opportunity;
• to investigate how energy storage technology (EST) for renewable energy can foster architectural innovations and enhanced competitiveness without disruptions, in line with EU commitments;
• to propose a regulatory blueprint for how effective policy design for EST for renewable energy can support prosumers to store renewable energy, help finance the EU’s internal and external climate commitments, and foster architectural innovations and enhanced competitiveness at the private and public levels.

Expected results
The project entails that the researcher, Esmeralda Colombo, will carry out a fellowship to investigate and offer a regulatory proposal on how sustainable investment to store renewable energy can be fostered at the private and public level through effective policy design that includes prosumers (energy-producing consumers), starting in the European Union (EU). The project advances sustainable development goals at a time when resources are particularly scarce (post–Covid-19). Last, it can provide other regions with a blueprint for financing decarbonization through a strengthened role of energy storage technology (EST) for renewables.