Illustration Funding Instruments

Covenant Signatories Signatories Signatories represent cities, with different size from small villages to major metropolitan areas such as London or Paris, that have signed the Covenant of Mayors on a voluntary manner and are committed to implement sustainable energy policies to meet and exceed the EU 20% CO2 reduction objective through increased energy efficiency and development of renewable energy sources. , voluntarily committed to meet and exceed the EU target of 20% CO2 emissions reduction by 2020, are on the lookout for funding opportunities crucial to develop their Sustainable Energy Action Plans Sustainable Energy Action Plans A Sustainable Energy Action Plan (SEAP) is the key document in which the Covenant signatory outlines how it intends to reach its CO2 reduction target by 2020. It defines the activities and measures set up to achieve the targets, together with time frames and assigned responsibilities. Covenant signatories are free to choose the format of their SEAP, as long as it is in line with the general principles set out in the Covenant SEAP guidelines. and finance the actions featured in it.

This section presents a non-exhaustive list of financial programmes and initiatives available to Covenant Signatories Signatories Signatories represent cities, with different size from small villages to major metropolitan areas such as London or Paris, that have signed the Covenant of Mayors on a voluntary manner and are committed to implement sustainable energy policies to meet and exceed the EU 20% CO2 reduction objective through increased energy efficiency and development of renewable energy sources. .

To find out how fellow Covenant Signatories Signatories Signatories represent cities, with different size from small villages to major metropolitan areas such as London or Paris, that have signed the Covenant of Mayors on a voluntary manner and are committed to implement sustainable energy policies to meet and exceed the EU 20% CO2 reduction objective through increased energy efficiency and development of renewable energy sources. are tapping into these and other resources, read the collection of case studies listed in the Covenant Thematic Leaflet on financing. You will also find a list of useful publications at the bottom of the page.

Quick Reference Guide – Financing Opportunities for Local Sustainable Energy 2014-2020

OTHER FUNDING INSTRUMENTS

JESSICA technical assistance

JESSICA – Joint European Support for Sustainable Investment in City Areas - is an initiative developed by the European Commission European Commission The European Commission is the executive body of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union’s treaties and the general day-to-day running of the Union. With the Covenant of Mayors initiative, the European Commission - DG Energy endorses and supports the efforts deployed by local authorities in the implementation of sustainable energy policies. and the European Investment Bank, in collaboration with the Council of Europe Development Bank.

Under new procedures, Member States or regions are being given the option of using the structural funds to make repayable investments in projects forming part of an integrated plan for sustainable urban development. These investments, which may take the form of equity, loans and/or guarantees, are delivered to projects via Urban Development Funds and, if required, Holding Funds.

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JASPERS technical assistance

JASPERS - Joint Assistance to Support Projects in European Regions - assists the 12 Central and Eastern EU Member States in the preparation of major projects to be submitted for grant financing under the Structural and Cohesion Funds. The aim is to increase the quantity and quality of projects to be sent for approval to the services of the Commission. JASPERS’ assistance, which is provided free of charge, is geared towards accelerating the absorption of the available funds.

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Cooperation programme INTERREG IV A

The programme supports cross-border cooperation along all interior borders of the EU. The aim is to enhance the exchange of experiences between the European regions and find joint solutions on problems encountered. The main idea is to prevent the "re-inventing of wheel" and replicate faster successful policies and strategies implemented elsewhere. The added value of such projects is sometimes intangible – improved knowledge, capacities, contacts, and new experiences, sometimes pilot actions and hard investments are financed.

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Cooperation programmes INTERREG IV B

Pilot projects, investment preparation and light investments are allowed within this type of cooperation.

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Cooperation programmes INTERREG IV C

Interregional cooperation (INTERREG IV C): Projects are strictly focused on the exchange of experiences and some light pilot initiatives - testing methodologies and tools. Investment activities are not supported.

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Smart Cities & Communities

Covenant Signatories Signatories Signatories represent cities, with different size from small villages to major metropolitan areas such as London or Paris, that have signed the Covenant of Mayors on a voluntary manner and are committed to implement sustainable energy policies to meet and exceed the EU 20% CO2 reduction objective through increased energy efficiency and development of renewable energy sources. having taken a political commitment to mitigate climate change and developed a holistic sustainable energy action plan Sustainable Energy Action Plan A Sustainable Energy Action Plan (SEAP) is the key document in which the Covenant signatory outlines how it intends to reach its CO2 reduction target by 2020. It defines the activities and measures set up to achieve the targets, together with time frames and assigned responsibilities. Covenant signatories are free to choose the format of their SEAP, as long as it is in line with the general principles set out in the Covenant SEAP guidelines. for their territories can also benefit from the technology component of Europe’s energy policy. The Smart Cities initiative will support a limited number of larger technology-focused projects of cities and regions featuring pioneering measures in sustainable use and production of energy as well as in mobility.

It will draw upon the other Strategic Energy Technology Plan (SET-Plan) initiatives, in particular the Solar Europe Initiative and European Electricity Grid Initiative, as well as on the EU public-private partnership for Buildings and Green Cars, established under the European Economic Plan for Recovery.

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European Energy Efficiency Fund

EEEF is a public-private partnership dedicated to mitigating climate change through market based financing in the member states of the European Union. Municipal, local and regional authorities or public and private entities acting on behalf of those authorities such as utilities, public transportation providers, social housing associations, ESCOs, etc., can benefit from the fund.

Focus areas: energy efficiency, rebewable energy and clean urban transport

Municipal Finance Facility

The Municipal Finance Facility is an initiative of the European Commission European Commission The European Commission is the executive body of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union’s treaties and the general day-to-day running of the Union. With the Covenant of Mayors initiative, the European Commission - DG Energy endorses and supports the efforts deployed by local authorities in the implementation of sustainable energy policies. and the European Bank for Reconstruction and Development (EBRD) to develop and stimulate commercial bank lending to small and medium-sized municipalities and their utility companies in the EU countries who joined the EU in 2004 (Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovak Republic and Slovenia with Bulgaria and Romania). The facility combines EBRD finance in the form of long-term loans and/or risk sharing.

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Sustainable Energy Initiative

The European Bank for Reconstruction and Development (EBRD) supports municipal sustainable energy projects in the countries of its operation.

The areas of intervention (e.g. municipal energy infrastructure, transport, carbon market, etc.) target municipalities, local banks, Small and Medium Enterprises and other local actors.

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USEFUL PUBLICATIONS

PDF - 3.2 Mb
Thematic leaflet on Inspirational Financing Schemes: Food for Thought for Covenant Signatories
This Thematic Leaflet seeks to provide an overview of the different funding opportunities available to Covenant Signatories at the local, regional, national and European level.
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GENERAL DOCUMENTS
Title Author Date
"Energy Efficiency – the first fuel for the EU Economy : How to drive new finance for energy efficiency investments" Energy Efficiency Financial Institutions Group (EEFIG) 2014
Bioenergy Promotion 2 - From strategies to activities Latvian Environmental Investment Fund 2014
India - Manual for the Development of Municipal Energy Efficiency Projects International Finance Corporation 2008
Training course on energy efficiency in SMEs ENGINE 2010
Local Innovations to Finance Cities and Regions FMDV 2014
Overcoming the split incentive barrier in the building sector JRC JRC The Joint Research Centre (JRC) is the scientific and technical arm of the European Commission. It works in close co-operation with the CoMO to provide signatories with clear technical guidelines and templates in order to assist delivery of their Covenant of Mayors commitments as well as to monitor implementation and results.
Website of the JRC: http://ec.europa.eu/dgs/jrc/
2014
Behavioural change: the new frontier (and big challenge) of the EE Directive ENEA 2014
EU FUNDING
Title Author Date
"Enabling synergies between European Structural and Investment Funds, Horizon 2020 and other research, innovation and competitiveness-related Union programmes" European Commission European Commission The European Commission is the executive body of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union’s treaties and the general day-to-day running of the Union. With the Covenant of Mayors initiative, the European Commission - DG Energy endorses and supports the efforts deployed by local authorities in the implementation of sustainable energy policies. ’s Directorate-General for Regional Policy 2014
"Technical guidance: Financing the energy renovation of buildings with Cohesion Policy funding" European Commission European Commission The European Commission is the executive body of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union’s treaties and the general day-to-day running of the Union. With the Covenant of Mayors initiative, the European Commission - DG Energy endorses and supports the efforts deployed by local authorities in the implementation of sustainable energy policies. ’s Directorate-General for Energy 2014
Using EU funding mechanism for Smart Cities European Commission European Commission The European Commission is the executive body of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union’s treaties and the general day-to-day running of the Union. With the Covenant of Mayors initiative, the European Commission - DG Energy endorses and supports the efforts deployed by local authorities in the implementation of sustainable energy policies. November 2013
The new LIFE financial instruments European Commission European Commission The European Commission is the executive body of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union’s treaties and the general day-to-day running of the Union. With the Covenant of Mayors initiative, the European Commission - DG Energy endorses and supports the efforts deployed by local authorities in the implementation of sustainable energy policies. 2014
Interim report on the pilot phase of the Europe 2020 project bond initiative European Commission European Commission The European Commission is the executive body of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union’s treaties and the general day-to-day running of the Union. With the Covenant of Mayors initiative, the European Commission - DG Energy endorses and supports the efforts deployed by local authorities in the implementation of sustainable energy policies. 2013
Closing the circle: funding schemes for energy efficiency investments in 2014-2020 European Investment Bank 2014
GREEN BONDS
Title Author Date
PR - Hera launches the first Italian green bond Hera Group June 2014
Bonds and climate change: The state of the market in 2014 Climate Bonds Initiative 2014
URBAN MOBILITY
Title Author Date
Guidelines - Developing and Implementing a Sustainable Urban Mobility Plan Rupprecht Consult September 2011
Final ADVANCE Audit Scheme and Guidelines (Auditing and certification scheme to increase the quality of sustainable urban mobility plans in cities) Traject November 2013
Financing Sustainable Urban Mobility Booz&Co 2014
TOOLS
FRESH - Financial simulation tool (See introduction to use here) ICE 2013
SDH Online Calculator - (See description here) Steinbeis 2014
CEEM (self assessment) online tool CEEM 2014
HES (self assessment) online tool HES 2012
E-RETROFIT-KIT (tool kit for passive house retrofit) E-Retrofit 2007
LEAF LEAF 2014
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