Financing large scale energy efficiency investments present many challenges such as the lack of local resources and skills. Guarantee Funds, Public-Private Partnerships, Crowdfunding are just some of the solutions which are being developed, expanded and piloted in different regions. Energy agencies and regions are in a unique position to boost sustainable energy investments in Europe by becoming experts in such mechanisms, and by supporting and connecting local and regional stakeholders.
In an era when there is significant liquidity available in the European finance sector, now is an important moment to maximise investments. On 14 January 2020, the European Commission presented the European Green Deal Investment Plan, which aims to mobilise at least €1 trillion of sustainable investments over the next decade for the transition to a climate-neutral, green, competitive and inclusive economy.
Reaching the 2030 climate and energy targets would require €260 billion of additional investments a year by 2030. As the Commission upgrades its objectives through the “Fit for 55” package, larger investments will be necessary for achieving the broader environmental and social objectives that the EU has set itself. To that end, mobilising public and private funding towards the objectives of a just transition to a climate-friendly economy will be the key. Supported by investments in green technologies, sustainable solutions and new businesses, the Green Deal can be a new EU growth strategy – and FEDARENE member energy agencies and regions intend to be a full part of it.
The European City Facility is set up under the Horizon 2020 Programme : tailor-made, rapid and simplified financial support (in the form of max. EUR 60,000 lump sums) and related services will be provided to a large number of cities and municipalities in the European Union, UK and EEA countries to enable them to develop relevant investment concepts.
An innovative integrated home renovation service for private residential buildings to be validated in the Basque Country and with a high replicability potential in Europe. This will be achieved by setting up “district offices” as one-stop-shops to facilitate turn-key solutions to homeowners, covering the whole customer journey.
ManagEnergy is the European Commission initiative for helping regional and local energy agencies to become leaders in the energy transition and to increase sustainable energy investments in regions and cities.
The overall aim of PROSPECT is to enable peer to peer learning in regional and local authorities in order to finance and implement their sustainable energy plans.
The project “Streetlight-EPC”, funded by the Intelligent Energy Europe Programme, created demand and supply for EPC in 9 European regions by providing regional EPC facilitation services and supporting projects towards implementation.