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.
Community energy can encompass a number of different aspects and activities. Attempts to define the concept have been made. by various organisations, which defines it as “the economic and operational participation and/or ownership by citizens or members of a defined community in a renewable energy project.”.
Community energy production in Europe has huge potential. A recent study found that half of EU citizens – including local communities, schools and hospitals – could be producing their own renewable electricity by 2050, meeting 45% of their energy demand.1 Now, building on new EU community and citizen energy rights, the potential must be fully unleashed, to put Europe on the path to the needed energy transformation.
If we want to increase the number of renewable projects in Europe, we need to set up the right policy frameworks and to connect the right actors (policy-makers, citizens, companies, NGOs…) with each other. This is, what the Renewable Networking Platform project aims at, while monitoring the advances in renewable policies both at national and sub-national levels.
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. The learning will empower them to make use of best practices in developing financing for these plans, which have been implemented successfully in other cities and regions in the EU. The specific objectives of PROSPECT are: