financing opportunities for sustainable energy & climate ... city... · financing opportunities...

Financing opportunities for

Sustainable Energy & Climate Action

Plans

19/09/2019 – Elodie Bossio

• Capacity building & knowledge sharing

• to increase understanding of public

available financial resources

• to improve local authorities access to

public available financial resources

• to support wider implementation of

innovative financial schemes & business

models

CoMO offers on financing

• Financing Coalition of the Willing

• to connect different EU wide initiatives

around the topic financing sustainable local

actions

• to bridge local authorities needs with EU

funding offerings

• to bridge local authorities needs with

financial instutitions offerings

CoMO offers on financing

Upcoming events

Registration : https://secap-investment-plans.eventbrite.co.uk

Athens, 15th October 2019Training on climate adaptation “The Covenant of Mayors in the era of Climate Crisis”, IMPACT HUB ATHENS

Brussels, 9th October 2019

Interactive funding guidehttp://www.covenantofmayors.eu/support/funding.html

Interactive funding guide

EU City Facility

EU Island Facility

• Support to: Signatories, Coordinators, Supporters, Academia

• Support for: SECAP development, Hiring of experts, SECAP implementation (soft measures), SECAP implementation (hard measures)

• Managing structure & coordination

• Funding info

• Type of funding Grant, Financial instrument, Technical assistance, Financial instruments: loan, guarantee, equity

• Co-funding

• Leverage factor

• Project size

• Inspiring examples

• Who can apply

• Useful links

What type of info?

EU City Facility

• Lack of capacity of public authorities to

transform long terms strategies into

investments

• Limited resoucres to access (financial and

legal expertise)

• Lack of sufficiently mature « Investment

concepts » to enable access to financing

Barriers for investments

Investment concept?

Action plans with

long term objectives

SEAP/SECAP/

equivalent

ESCO - EPCRetail banks,

national banks,

investment

funds

One stop

shops

ELENA

PDA

…

Financing

platforms

EU and other

public funds

Development Implementation Finance

Investment

concept

What is an investment concept ?

Timeline

s s ss

IC Monitoring

12 months afters

IC submission

60 000 €Grant

Organisation of calls

4 calls in total (2 in 2020, 2

in 2021)

•Start Q1/Q2 2020

•Equalopportunities

Money allocatedper region (N,S,E, W) based on the ESIF allocation

Circa 225 citiessupported

12.8 Million €for cities

Grant up to

60k € (min 20k€)

Leverage 20

Pipeline of projects

>1.2 million €

Organisation of calls

Eligibility Check1 Full Application2

Category 01 - Technical feasibility

• Energy and GHG savings

• Scope of the project

• Technology option

• Non-energy related benefits

1. Characteristics of the applicant

• Cities or its groupings

• From an EU member state

2. Alignment with energy and climate plans

3. Political commitment

4. Ambitious scale of potential investment

• Leverage factor

• Replicability/scalability

5. Expected level of energy savings

Category 02 - Financial feasibility

• Scale of potential investment

• Financial indicators

Category 03 - Investment Concept Development

• Eligibility of activities

• Existing planning processes and resources

• Governance to develop IC

• Capacity building

• Engagement of key stakeholders and citizens

• Commitment for monitoring

Category 04 - Impact

• Alignment with national activities and policies

• Project efficiency and impact

• Standardisation and project aggregation

• Sustainability

• No adverse social/ecological impacts

Thankyou!

EU Covenant of Mayorswww.covenantofmayors.eu

elodie.bossio@eumayors.eu