Smart Cities and Smart Regulation

Increasing focus on sustainable societies and ‘smart cities’ due to emphasis on mitigation of climate change is simultaneous with ‘smart regulation’ reaching the forefront of the political agenda. Consequently, the energy sector and its regulation are undergoing significant innovation and change. Energy innovations include transition from fossil fuels to more renewable energy sources and application of new computer technology, interactively matching production with consumer demand. Smart cities are growing and projects are being initiated for development of urban areas and energy systems. Analysis from ‘Smart Cities Accelerator’, developed under the EU Interreg funding programme that includes Climate-KIC,——provides background for the focus on a smart energy system. Analysis ensures the energy supply systems support the integration of renewables with the need for new technologies and investments. ‘Smart’ is trendy, but when becoming ‘smart’ leads to motivation that is an important step towards mitigating climate change.