SET-Nav joined to join Aurélie Faure-Schuyer, Research Fellow Energy and Climate at CEPS (EU GCC Clean Energy Technology Network Expert) and Bo Normark, Thematic Leader Smartgrids and Storage, InnoEnergy at the “European energy and climate policy and the role of innovation” webinar, organised by the Network on Monday, 11 December 2017 at 11:00 CET (14:00 UAE time zone).
The webinar was organised by the EU GCC Clean Energy Technology Network and was focused on technology innovation. Specifically, since the COP21 agreement in Dec 2015, the role of innovation is complementing the role of climate finance and carbon markets in unlocking capital investments towards a low carbon economy. While investments in RES technologies gather pace, the needs for new investments in infrastructures remain high. So, that, decarbonisation goals (like mitigation, adaptation, and climate finance) need to be balanced against the pace of innovation in sub-industries and markets.
As the EU climate change policy foresees 80-95% reduction in GhG towards 2050, the Clean Energy Package provides an interesting case example of a legislation aimed at mainstreaming innovation in new products, new services (e.g. local energy communities, demand response, aggregation of balancing services). Ultimately, it may broaden innovation towards a non-technological dimension."