How can cities finance their energy transition when subsidies are limited?


Information

Date

The 02 March 2023 from 10:00 until 11:45

Language

English

Why do cities need to look away from subsidies – and is it realistic? An overview of innovative financing instruments and PROSPECT+ support.

The European Union’s climate and energy targets are increasingly ambitious as a result of the ongoing energy crisis.

Public authorities all over Europe need to speed up their energy transformation despite the reduced availability of subsidies. This means they need to start using other-than-subsidies financing instruments.

We will explain the latest policy developments in relation to Fit-for-55 and REPowerEU, the gaps between the energy efficiency investment needs and the available public budget support, the urgency to increase the sustainable energy investments and to activate innovative and private financing solutions.

We will introduce you to a variety of innovative financing instruments for public investments and to various tools that can help you identify the best financing models for your projects.

You will get a flavour of the PROSPECT+ capacity-building programme, which includes study and mentoring visits across Europe, and we will explain the current opportunity to join as a mentee or a mentor.