Energy Network Innovation for Green Transition: Economic Issues and Regulatory Options

Tooraj Jamasb*, Manuel Llorca, Leonardo Meeus, Tim Schittekatte

*Corresponding author for this work

Research output: Working paperResearchpeer-review

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Abstract

In this age of low-cost capital and stimulus packages, is it the best time to heavily invest in tomorrow’s energy networks and research infrastructure? In the academic literature it is widely acknowledged that innovation is key to decarbonise the energy sector and foster sustainable development. However, post liberalisation has been struggling to promote R&D and innovation. Is this the case of business, regulatory, or policy failure, or are there other factors involved? In this paper, we discuss the reasons for slow uptake of new technologies in energy networks and propose some remedies for the European context, where innovation in the area of energy networks is crucial for the implementation of the Green Transition. The solutions to address this shortfall need to be considered in an overarching manner. The specific points raised here are based on incentive regulation, the establishment of competitive funding models like Ofgem’s Low Carbon Network Fund and a large European collaborative research hub.
Original languageEnglish
Place of PublicationFrederiksberg
PublisherCopenhagen Business School [wp]
Number of pages19
Publication statusPublished - 2020
SeriesWorking Paper / Department of Economics. Copenhagen Business School
Number18-2020
SeriesCSEI Working Paper
Number15-2020

Keywords

  • Energy network infrastructure
  • European green deal
  • Innovation
  • Research and development

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