Financing energy efficiency
Energy efficiency Financing - 23 July 2019
The EU has increased the amount of public funds available for energy efficiency. However, to meet the objectives of the Energy Union and support the transition to a clean energy system, there is a need to further unlock private financing, in particular for energy efficiency investments.
It is estimated that an additional €177 billion per year will be necessary over the period 2021-2030 to reach the EU’s energy and climate objectives for 2030.
The Smart Finance for Smart Buildings Initiative
The Commission has launched the Smart Finance for Smart Buildings(SFSB) initiative, as part of the ‘Clean Energy for All Europeans‘ package. Building on the Investment Plan for Europe, it includes practical solutions to mobilise private financing for energy efficiency and renewables in buildings in three main areas:
More effective use of public funds
At the EU level, the European Structural and Investment Funds (ESIF) will allocate €18 billion to energy efficiency in the period 2014-2020. Boosting investment in sustainable energy projects is also one of the strategic priorities of the European Fund for Strategic Investments(EFSI). In addition, the EU has developed a number of other support schemes and funding programmes aiming to help businesses, regions, and countries successfully implement energy efficiency projects.
Read the full article: ec.europa.eu/energy/en/topics/energy-efficiency/financing-energy-efficiency
Scaling up Energy Efficiency investments through Citizen financing Schemes
CitizEE project has been included in the spring edition of the the European Energy Innovation magazine. The article provides the reader with an overview of the project goal, specific objectives and strategy to reach them.
CitizEE leaflet available
The CitizEE project is glad to present its 1st project leaflet which aims at informing the reader in a direct and efficient way about the project most relevant aspects. Download the leaflet here
Market characterization: segments and boundaries analysis for CitizEE’s pilots demonstrators
The market characterization analysis focus on the current local Citizen Funding market related to the CFs4EE1 Financing Scheme2 scope and targeted beneficiaries defined in the grant agreement for each of the pilot country/region. The objective of the Market Characterization analysis is to identify the key decision elements that will serve the evaluation of the CFs4EE Financing Scheme to be developed by the project and the Public Financing Instrument that will support the scheme.