When it comes to efforts to address complex global challenges such as climate change, it is clear that a transatlantic partnership is needed as a prerequisite for any viable solution.
This guidebook aims to address the lack of awareness of the role of public finance in the energy transition within municipal administrations. It does so in anticipation of declining local budgets, raising the question of how cities can efficiently channel finances to achieve their climate goals.
It contains a collection of examples and tools, which can help local authorities align their expenditure and investments with the Paris Agreement objective.
Planning for 2050 is happening now in European cities. These examples show how cities are redefining urban climate and energy governance and citizen participation in designing an ambitious mid-century future, and will hopefully inspire European leaders to design together with their citizens Europe’s Paris-proof energy transformation by 2050.
After the adoption, in 2008, of the 2020 EU Climate and Energy Package, the European Commission launched the Covenant of Mayors to endorse and support the efforts deployed by local authorities in the implementation of sustainable energy policies.
Smarter Together is a pilot project that aims at developing ICT solutions for the energy transition in urban areas. A special focus will be on residential housing renovation, production and consumption of renewable energy and mobility. Lyon, Munich and Vienna are the three leading cities in the Smarter Together project. Smarter Together is a Smart Cities project supported by the European Union in the framework of the Horizon 2020 programme.
The overall aim of PROSPECT is to enable peer-to-peer learning in regional and local authorities in order to finance and implement their sustainable energy plans.