We investigate renormalized curvature flow (RCF) and stochastic renormalized curvature flow (SRCF) for convex sets in the plane.RCF is the gradient descent flow for logarithm of $σ/λ^2$ where $σ$ is the perimeter and $λ$ is the volume. SRCF is RCF perturbated by a Brownian noise and has the remarkable property that it can be intertwined with the Brownian motion, yielding a generalization of Pitman "2M-X" theorem. We prove that along RCF, entropy $\mathcal{E}_t$ for curvature as well as $h_t:=σ_t/λ_t$ are non-increasing. We deduce infinite lifetime and convergence to a disk after normalization.For SRCF the situation is more complicated. The process $(h_t)_t$ is always a supermartingale. For $(\mathcal{E}_t)_t$ to be a supermartingale, we need that the starting set is invariant by the isometry group $G_n$ generated by the reflection with respect to the vertical line and the rotation of angle $2π/n$ with $n\ge 3$. But for proving infinite lifetime, we need invariance of the starting set by $G_n$ with $n\ge 7$. We provide the first SRCF with infinite lifetime which cannot be reduced to a finite dimensional flow. Gage inequality plays a major role in our study of the regularity of flows, as well as a careful investigation of morphological skeletons. We characterize symmetric convex sets with star shaped skeletons in terms of properties of their Gauss map. Finally, we establish a new isoperimetric estimate for these sets, of order $1/n^4$ where $n$ is the number of branches of the skeleton.