New Covenant of Mayors guide helps cities identify suitable funding opportunities for sustainable energy



Floriane Cappelletti

Publication date

February 5, 2015

Cities often find it challenging to find their way through the complex maze of EU funding streams, programmes and mechanisms.

To support signatory cities in their search for funding solutions for the development or implementation of their Sustainable Energy Action Plans (SEAPs), the Covenant of Mayors Office recently published a comprehensive overview of the various options available : Quick Reference Guide – “Financing Opportunities for Local Sustainable Energy 2014 – 2020”.

Local authorities can consider a wide range of solutions, whether tapping into EU budget or via other means, including alternative financing schemes such as crowd-funding, revolving funds and green bonds. Obviously, the list is not exhaustive, and the EU funding environment is set to evolve in the coming months, as the Juncker Commission fine-tunes its work programme, but it should provide some initial food for thought !

More on funding solutions:

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© image : Rodho