On our journey towards a successful implementation of the Paris Agreement and the EU’s strategic vision for carbon neutrality by 2050, we need to mobilise a significant amount of finance and private investments. Despite their tremendous potential for building substantial pipelines of investment projects across Europe and their key role in aggregating smaller projects into sizeable packages, municipalities, local authorities and their groupings often face financial constraints, as well as a lack of capacity.
The EUCF is here to help cities in bridging the following barriers.
Limited human resources and capacities through:
Simple and fast-track application process
Strong technical and financial expertise and support in local language
Easy access to pool of EU experts, investors, financiers and other key actors
Benchmarks and standardised investment packages
Lack of experience in using innovative financial instruments and developing ‘bankable’ sustainable energy projects and investment packages through:
Capacity building on blending of funds, innovative financing schemes, procurement, climate mainstreaming in municipal budgets, etc.
Communities of practice, access to experienced experts
Financial support to develop investment concepts and to prepare sustainable energy projects for financing
Reluctance to invest in project preparation through:
Financial support for pre-feasibility studies, in-house and external expertise
Lack of experience in developing investment packages and pooling sustainable energy projects through:
Capacity building on prioritisation of investments
Supporting multi-level governance approach at the pre-application stage