How to finance the Sustainable Energy Action Plans ?
On the 10th of October 2013, a capacity building workshop and networking session was organised in Brussels focusing on alternative financing schemes to support implementation of Sustainable Energy Action Plans.
The workshop focused on the EU Structural and Cohesion Funds and gave insights on the planning of the next programming period 2014-2020 during which 20% of the EU budget will be earmarked for climate-related measures.
These funds offer non-negligible sums to local authorities, regions and their associations. Speakers and participants discussed how to spend them efficiently – by combining grants and revolving financing instruments such as loans, guarantees and other alternative financing tools such as cooperative funds or energy performance contracting.
A number of successful projects showcasing existing revolving mechanisms were presented. Julien Dijol from Housing Europe showed examples of housing associations using ERDF funding as leverage for private funding, citing Retrofit South East programme (UK). Junona Bumelyte from the European Investment Bank presented Lithuanian JESSICA holding fund which is financing large renovation works in the blocks of flats. Adrien Bulier from EACI highlighted gaps and obstacles hindering SEAPs financing and showcased how local and regional authorities who benefit from the MLEI project development assistance managed to overcome them thanks to the use of alternative financing tools.
In the afternoon 6 local best practices were shared focusing on soft loans, EPC, ESCO models, crowd funding or cooperatives, internal revolving fund and projects financed by Structural Funds in the 2007-2013 programming period.
Innovative financing instruments used by local and regional authorities