Webinar: Cities Driving the Green Recovery - Boosting Investments for Local Actions
he purpose of this event is to present and discuss with European policy makers and city officials how the European City Facility (EUCF) can support local authorities to transform their local climate and energy roadmaps into real investments and support them in transitioning to climate neutral cities. In addition, the current crises add a lot of financial pressure on local authorities. The question today is “how can we match financial resilience with climate resilience?”
The European Commission estimates that there is an annual need of € 150-200 Billion to invest in energy and climate related projects to comply with the 2030 goals. As public money won´t suffice, here is a need to mobilise private investments. Cities have a tremendous potential to drive investment programmes, by building pipelines of investment projects, to mobilise significant amount of finance needed and in aggregating smaller projects into sizeable packages. However, the current situation provides several challenges to cities and climate and energy run the risk of being removed from the top of the agenda.
While some very relevant financial instruments are already in place today, cities still show limited capacity in human resources, conservative approaches to project financing or lack of experience in developing investment packages. The EUCF will provide financial and technical support to cities and their groupings to accelerate the implementation of their energy and climate plans.
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