INNOPATHS holds Stakeholder Event: “Towards carbon neutrality, the perspective of investors”
On the 15th of May 2019, INNOPATHS held a large stakeholder event hosted by E3-Modelling in Athens, designed to examine the investment opportunities emerging from the transition towards a low- or zero-carbon economy.
The INNOPATHS project aims to understand the challenges of decarbonisation and the innovation needed to address them and present a detailed assessment of low-carbon technologies, their uncertainties, future prospects and system characteristics. The project also aims at creating new, co-designed deep decarbonisation pathways with novel policy and innovation processes and it puts emphasis on the societal, economic and environmental dimensions of the low-carbon transition and how they can be managed.
The project was presented by Professor Laura Diaz Anadon (University of Cambridge), Elena Verdolini (Senior Scientist, CMCC) and Professor Paul Ekins (UCL, INNOPATHS coordinator). The INNOPATHS online tools were presented in the conference; in particular the “Technology Matrix” tool which includes historic and projected characteristics, and associated uncertainty, of key low-carbon technologies and can be utilized to calculate the future costs of low carbon transition, and the “Policy Evaluation Tool” which presents key evidence-based characteristics of policy instruments and mixes to encourage the low-carbon transition. Professor Ekins presented the key findings of the High Level Panel on Decarbonisation pathways that proposes priority research to achieve deep decarbonisation in all economic sectors. He also pointed out the major innovative approaches of the INNOPATHS project. Professor Pantelis Capros (NTUA) presented the model-based analysis on EU low-emission pathways that fed into the European Commission strategy “A Clean Planet for all”. He showed that deep decarbonisation of the EU energy and economic system can be achieved through the upscaling of “no-regret” options (including renewable energy, energy efficiency, advanced biofuels, electrification of mobility) but it will also require the introduction of disruptive technologies, energy carriers and business models (including hydrogen, power-to-gas, power-to-liquids, use and storage of CO2, circular economy).
In the second session of the conference, chaired by IENE’s head of Energy Efficiency committee, Costas Theofylaktos, a number of Greek energy market experts and company executives participated in a round table discussion on the current and future challenges of the energy sector. There, Mr. Polymenopoulos representing HELESCO highlighted the role of ESCOs in the improvement of energy efficiency of buildings. Mr. Polychroniou representing “DEPA, gas industry and renewable gas” analyzed the prospects of decarbonised and renewable gas in the deep decarbonisation context. Mr. Papastamatiou representing “ENTEKA wind energy”, one of Greece’s pioneering wind companies, addressed the licensing boundaries in RES projects noting the low success rate of wind projects, which affects indirectly electricity prices for consumers. He referred to the key market requirements for the acceleration of the energy transition, notably the development of coherent policies, the implementation of large-scale RES projects, the capacity increase of local and international interconnections and development of large-scale storage systems. Dr. Sotiris Kapellos, representing HELPE Renewables, and HELAPCO, the Hellenic Association of Photovoltaic Companies, addressed the issue of PV investments in Greece and called for the simplification of licensing procedures and a full implementation of EU guidelines for electricity market liberalization (Target model, Balancing of RES etc.). Dr. George Ayeridis (CRES, Electromobility) presented the prospects of electrification in the transport sector with high EV deployment combined with RES-based electricity. He also stated that EVs should be seen both as a market product and as a key part of the energy transition.