Covenant of Mayors Office
63-67 Rue d’Arlon
On 29 June 2011, the European Commission published its proposal for the EU Multi-annual Financial Framework (MFF) for the period 2014-2020. The future EU budget will be very tightly linked to the delivery of Europe 2020 Strategy. In order to reach the Europe 2020 objectives, the climate-related share of the budget will be significantly increased – to at least 20%. The Commission intends to encourage actions which contribute towards Europe’s transition to a low carbon and climate resilient society and actions that help to achieve its energy and climate objectives. Yet, EU funds will not be available only in form of grants but also in form of innovative financial instruments – risk capital, risk funds, local development funds.
Covenant signatories, already committed to meet and exceed the EU target of 20% CO2 reduction by 2020,are on the lookout for funding opportunities, crucial to develop their Sustainable Energy Action Plans and finance the actions featured in them. In cooperation with their local partners, banks, private companies and civil society, they invent innovative financial schemes which give a decisive kick off to foreseen investments. Interesting instruments are also formed at national level.
The European Commission, for its part, adapts and develops specific European financial tools and programmes, for instance Structural and Cohesion Funds, JESSICA, ELENA-EIB and recently launched ELENA-KfW, the European Energy Efficiency Fund and Smart Cities and Communities.
After the plenary discussions on the future EU budget, three parallel Discussion Groups will take place during which the participants will have the chance to discuss directly with the representatives of funding programmes, come up with questions and discuss their concrete projects. In particular, these Covenant of Mayors Discussions Groups represent an opportunity for local and regional authorities to:
· Exchange experiences with their peers on access to and implementation of various innovative financial instruments and funding mechanisms available at local/regional/national and European level.
· Discuss with the European Commission and the managers of future and existing European funding programmes and point out their needs and bottlenecks.
· Draw on their positive and negative experiences with existing funding schemes and suggest how the future EU and national funding programmes (incl. structural and cohesion funds) shall be shaped to encourage local and regional authorities in their efforts to go beyond the EU energy and climate objectives.
- Covenant of Mayors Discussion Groups (10:00-12:30):
This event is upon invitation only, open to all Covenant Signatories, Coordinators and Supporters. Registration closed.
Other organisations and persons interested to attend can be invited by the Covenant of Mayors Office - subject to availability of seats. If your organisation wishes to attend, please, send a request to: email@example.com.
- Webinar (14:00-15:00): all interested participants register at: firstname.lastname@example.org
- Live Helpdesk (14:30-17:00): ongoing basis or make an appointment at: email@example.com
Organiser: Covenant of Mayors Office
Location details: House of Cities, Regions and Municipalities, Square de Meeûs 1, 1000 Brussels
Covenant of Mayors for Climate & Energy
The Covenant of Mayors going global
The Covenant Step by Step
Local and Regional Energy Agencies
Monitoring Action Plans
Signatories’ Benchmark of Excellence
Coordinators and Supporters’ Benchmark of Excellence
As a Local Authority
As a Province or Region
As a Network of Local Authorities
As an Associated Partner
As a Local and Regional Energy Agency