Financing the energy renovation of buildings with Cohesion Policy funding
The European Commission has issued
a technical guidance on 'Financing the energy renovation of buildings with Cohesion Policy funding' with the aim to help managing authorities in planning and deploying sustainable energy investments in buildings within their Cohesion Policy operational programmes.
Tackling energy consumption in European buildings is vital. Nearly 40% of final energy consumption –as well as 36% of all greenhouse gas emissions – is attributable to housing, offices, shops and other buildings across the public and private sector. A major and sustained increase in public and private investment is needed for the European Union to meet its 2020 climate and energy targets. In the 2014-2020 period, Cohesion Policy funds will play a major role in the refurbishment of buildings with the allocation of a minimum of €23bn for investments in the shift towards to low-carbon economy, including energy efficiency and renewable energy use in buildings.
The guide informs managing authorities about the European requirements on buildings and energy efficiency, provides a list of good practice approaches and case studies, and explores the different financing mechanisms that managing authorities can use to support sustainable energy projects with the aim to launch large scale investments in the energy renovation of buildings and to attract greater levels of private-sector investments.
Full technical guidance at: