Covenant of Mayors Investment Forum – Energy Efficiency Finance Market Place
Accelerating investment into climate adaptation and sustainable energy are important to ensure a clean energy transition and helping the EU to meet its climate and energy targets for 2020 and 2030. This will bring significant benefits for all European citizens and companies in terms of jobs and sustainable growth, lower energy bills, health and security of energy supply as well as greater resilience of cities to a constantly changing climate.
The event presents 25 successful projects in 5 thematic parallel strands of dedicated interactive workshops on financing climate adaptation, clean urban transport, energy efficiency in public assets and home renovation in cities and regions, as well as initiatives working across Europe to facilitate the market for climate and sustainable energy finance. Practitioners will provide their concrete experience in the development of bankable investment pipelines in order to stimulate enable replication by other interested project promoters.
Many projects were supported by the Project Development Assistance facilities co-funded under the Intelligent Energy Europe (IEE) and Horizon 2020 programmes, including the ELENA facility managed by the European Investment Bank (EIB). Since 2009, more than 120 projects have been supported under these facilities expected to trigger around €6 billion of investments in energy efficiency and renewable energy focused on existing public and private buildings, street lighting, district heating and clean urban transport. In addition, many cities have started projects in increasing their resilience by adapting to the already happening and intensifying adverse impacts of climate change (e.g. floods, heat waves, water scarcity, coastal erosion, etc.).
The event will bring together key stakeholders and practitioners from cities, regions and industry as well as the financial sector to discuss the key success factors for financing climate adaptation, clean urban transport and energy efficiency at the operational level.
Stands will be presenting successful projects and resources available to support project promotors, including local and regional authorities to design and implement successful initiatives in the areas covered by the event.
The Covenant of Mayors Investment Forum – Energy Efficiency Finance Market Place is organised by the European Commission's Directorate-Generals for Energy, Climate Action and the Executive Agency for Small and medium-sized Enterprises (EASME) in collaboration with the Covenant of Mayors.
It is followed by the Covenant of Mayors ceremony in the European Parliament on 22 February 2018. More info here.