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.
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.
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.
Home owners have difficulties in tackling a retrofit project. In order to facilitate the process, INNOVATE develops and rolls out attractive energy retrofit packages, ideally offered in one location – a one-stop-shop.
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.