Strengthening the role of the local level to accelerate the clean energy transition
Today three major city networks joined forces with REScoop.eu and French initiative Énergies Posit’IF to call for the acceleration of energy and climate investments via improved financing frameworks.
In their statement, these organisations made the case for four concrete recommendations to better match local ambition with appropriate financing.
According to the document, putting the local level at the core of the energy transition will require an adjustment to the scale of funding schemes available to cities and towns so that they better fit the local level.
Other calls include pushing local energy renovation programmes with the support of EU Structural Funds and amending Energy Union legislation to better support energy cooperatives.
The chair of the EUROCITIES WG on air quality, climate change and energy efficiency Inge Van De Klundert, Policy advisor for the City of Utrecht, presented the recommendation "Develop financial instruments and financing platforms that are not thematically oriented to overcome barriers to action and allow aggregation of different type of investments in cities".
The recommendations come during the EU’s well-known Sustainable Energy Week. Local level leaders discussed the recommendations this morning with European Commission and European Investment Bank representatives, taking advantage of the “Accelerating the clean energy transition” event in Brussels.
Read the statement.