PROJECT IDENTIFICATION

ACRONIME

FINERPOL

NAME

Financial Instruments for Energy Renovation Policies

PROJECT WEB LINK

http://www.interregeurope.eu/finerpol/

PROJECT LOGO

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DURATION

2016-2020

EUROPEAN PROGRAMME

NAME AND PROGRAMME LOGO

INTERREG EUROPE

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WEB LINK

http://www.interregeurope.eu/

PROJECT PARTNERSHIP

PARTNER

Extremadura Energy Agency – AGENEX

General Direction of Industry, Energy and Mines, Extremadura Regional Government

Plymouth City Council

Managing Authority of Regional Operational Programme of Western Macedonia Region

City of Prague

University Centre for Energy Efficient Buildings, Czech Technical University in Prague

Climate Protection and Energy Agency of Baden Württemberg

CEIIA Centre of Excellence and Innovation for the Automotive Industry (until 13/10/2016 INTELI)

Autonomous Province of Trento

PROJECT CONTENT AND BASIC INFO

ABSTRACT

Upscaling investments in energy efficiency and renewable energy for buildings is a major challenge to meet European Union targets for 2030. Most of ERDF incentives used non returnable grant systems for promoting energy investment, but due to deficit restriction in EC Stability and Growth Pact (SGP) the investment has been decelerated. Grant method is showing important weakness in relation to other methods such as Financial Instruments (FIs).

The use of Cohesion Funds, especially ERDF, in the generation of new Financial Instruments (FIs) is a main challenge for the coming period 2014-2020, especially when combined with EC funding initiatives

GENERAL

DESCRIPTION

The overall objective is to promote new policies, or improvement of existing policies, aimed to the creation of funding instruments, especially Financial Instruments (FIs) supported by ERDF funds and integrated with EC funding initiatives, such as EFSI (Juncker Plan 06/2015), tools from the European Investment Bank EIB (ELENA, Margarite Funds) or even from public private partnerships.

The outputs will be the improvement of specific regional policies and ERDF OP in 7 EU regions, involving 5 Managing Authorities with competences in ERDF for EE and RES projects.

The improvement will allow the implementation of FIs and energy investment, thanks to changes of strategic focus in 6 ERDF policies and 2 existing FIs.

Other important outputs are:

-              >3,8M€ of ERDF and >2,65M€ of FIs funds influenced

-              120 people increasing professional capacity attending interregional events

-              28 stakeholder events, including:

-              14 interregional events with more than 380 stakeholders attendants

-              14 local stakeholder meetings with more than 200 attendants

-              140 best practices produced and displayed in a georeferenced map (FIenermap-tool) and an online database both placed in the website

 

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