Research Areas: Energy and Environment
Collaborative Research of Decentralisation, Electrification, Communications and Economics (CREDENCE) is a project under the US-Ireland Centre to Centre Research and Development Programme funded by Science Foundation Ireland (SFI), the US National Science Foundation (NSF) and the Department for the Economy (DfE) in Northern Ireland.
The project partners include: the SFI Centre for Marine and Renewable Energy in Ireland (MaREI) that is led by University College Cork (UCC) collaborating with the ESRI; the Future Renewable Electric Energy Delivery and Management Systems (FREEDM) NSF Engineering Research Centre in the US; and the Energy Power and Intelligent Control Research Cluster (EPIC) at Queen’s University Belfast (QUB).
The overarching goal of CREDENCE is to establish a new approach that will transform how we view, challenge and solve our current energy dilemma. Its main objectives are to:
CREDENCE will address these objectives through four collaborative work packages outlined in the graphic below.
The ESRI leads Work Package 4 on Socio-economics and contributes expertise on economic behavioural analysis focusing on the adoption and use of energy technologies, energy market design and regulation, and the distributional and welfare considerations related to (new) incentive schemes. This work package has two key objectives. First, to investigate how consumer behaviour will affect the adoption and use of new technologies related to the electrification and decentralisation of the electricity system. Second, to use these insights to help develop incentive schemes fostering technology adoption and to develop market mechanisms and tariffs that ensure adopted technologies are used in a desirable way.
The ESRI works towards a national vision of ‘Informed policy for a better Ireland’. This means producing high-quality analysis to provide robust evidence for policymaking, with the goals of research excellence and policy impact.
The ESRI produces research that contributes to understanding economic and social change in the new international context and that informs public policymaking and civil society in Ireland.