Green Finance is an important and developing trend that is increasing investments into environmentally and socially responsible projects while reducing financial risk to those lending for those projects. This concept creates a tremendous opportunity to positively transform the health and environmental performance, quality, comfort and financial viability of Europe's new and existing housing stock.
Cities are raising their profile within the international energy efficiency arena. More and more cities are committed to become CO2 neutral and engage a low-carbon development transition. At COP23 in Bonn, 25 cities pledged to implement more and more ambitious actions to mitigate and adapt to climate change by 2020.
The project Zagreb Energy Efficient City (ZagEE) lead to the realization of energy savings by implementing economically sound and energy efficient technologies and measures to public lighting and buildings (90% of the buildings were classified below F energy class). The project was developed under the Intelligent Energy Europe (IEE) programme.
The capital of Colombia, Bogotá, has implemented an efficient and innovative bus system for urban transport using a Private Public Partnership (PPP). The public sector, represented by the TransMilenio S.A., planned the project with funding responsibilities and daily supervision. The private sector participated by involving companies in the bidding process for awarding buses to upgrade.
In the city of Sonsonate, El Salvador, the public lighting upgraded its light-emitting diode (LED) technology by adding a General Electric (GE) system. This is a conjoint project between AES El Salvador, UNITAPE LATINOAMERICA and GE. This is an example of a project developed and implemented through a partnership between local public sector and private energy companies.