The EU Commission is planning to overhaul the EU’s sustainable finance strategy to make it fit for backing the investment ambitions of the EU Green Deal. Energy Cities outlines how the renewed strategy should both tap into the full potential of sustainable finance, as well as empower local authorities to drive green investments.
Energy Cities has co-signed an open letter of the Fossil Free EIB Campaign, which calls on EIB president Werner Hoyer to double down on the EU’s bank commitment to divest from fossil fuels.
In view of the public consultation on the future energy lending policy of the European Investment Bank (EIB), Energy Cities shares its recommendations to ensure that the EIB divests from fossil fuels and invests instead in the Paris-proof energy transition.
Our dedicated team monitors and shapes policy developments according to local authorities’ needs and priorities.
Our advocacy involves:
The cities behind our network set the tone and shape the European energy transition agenda. Whereas a municipality alone has little influence, together we can make local authorities’ voices heard at national and European level.
As part of the European Covenant of Mayors movement, cities and towns are taking energy and climate action to secure a better future for their citizens. With over 8,000 signatories, it has become a real political force proposing to renew the European project through local action. The initiative is an important political instrument for Energy Cities, as we initiated the movement and have been co-leading the Covenant of Mayors European Office since 2008.