Finance & Divest
In response to the challenge of tight budgets, Energy Cities provide new innovative financing methods. The network also helps local authorities align their spending and investments with the objectives of the Paris Agreement. This is reinforced by more and more cities unveiling their plans to move out of investments in oil and coal projects. Finally, Energy Cities is pressuring EU institutions for city-targeted and climate-proof EU funding.
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Huge success of the first EUCF call raises expectations for support to local sustainable energy
Local authorities submitted a total of 257 applications to get funding for the development of their sustainable energy investment plans from the European City Facility (EUCF).
Make your EU funding applications more successful
Energy Cities’ tips for a good project proposal
Financing opportunities for Sustainable Energy & Climate Action Plans
In a series of four publications, the Covenant of Mayors - Europe Office guide you through the maze of funding and financing solutions for your local energy and climate actions.
Best Practices View all Best Practices
One-stop-shop Riga
Covering 50% of the renovation cost with a municipal pilot fund
Publications View all Publications
Investment needs for the local energy transition
The case of five european cities: Ghent, Frederikshavn, Bordeaux-Métropole, Sevilla and Tallinn
This publication is relying on five examples of European cities,that are frontrunners in the local energy transition and which have put a number on their investment needs by 2050 in order to succeed in their transition. Through our case studies of the cities Ghent, Frederikshavn, Bordeaux-Métropole, Sevilla and Tallinn, all signatories of the Covenant of Mayors-Europe initiative, we have identified the local investment needs for the energy transition in different geographical, socio-economic and sectorial circumstances.
Climate-mainstreaming municipal budgets
Taking from fossil fuel economy to reinvest in local sustainable communities
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.
Infinite Solutions Guidebook
Financing the energy renovation of public buildings through internal contracting
Acting as an advising tutor, the city of Stuttgart has contributed its experience of more than two decades in managing/implementing an Internal Contracting scheme. The municipalities of Almada (Portugal), Águeda (Portugal), Koprivnica (Croatia), and Udine (Italy) have taken part as learning authorities with the objective of setting up their own Internal Contracting scheme.
Projects View all Projects
ORFEE
Office of Renovations and Financings for Energy Efficiency
The project aims to set-up a shared resource platform for third-party financing companies (STF) acting as One-Stop-Shops: The Office of Renovations and Financings for Energy […]
EU City Facility
Financial support and services to cities’ sustainable energy projects
The mission of the EUCF is to build a substantial pipeline of sustainable energy investment projects across cities in the EU, by providing targeted financial, […]
Zero Carbon Cities
New climate change targets in line with the Paris Agreement
The ‘URBACT Zero Carbon Cities project’, is led by Manchester. Seven european cities are involved in this projetct : Bistrita (RO) Frankfurt am Main (DE) […]
