Deadline: 16-Nov-22
The European Commission (EC) has launched the proposals for Mainstreaming Sustainable Energy Investments in the Financial Sector.
Scope
Proposals should address one or several of the following areas of work, with a focus on sustainable energy investments (i.e. energy efficiency and/or small-scale renewables):
- Improving risk and sustainability assessment in the methods and tools of private investors by integrating the specificities of sustainable energy, including multiple benefits of energy efficiency. The focus can be at project level (e.g. creditworthiness analysis, quality standards, benchmarking data) or at portfolio level (e.g. internal ratings-based approaches, climate stress-testing, analysis of sustainable energy aspects of investment strategies, etc.).
- Labelling and certification schemes including methodologies and tools for benchmarking, tagging, monitoring of investment performance, and disclosure of investment data with a link to the EU sustainable finance legislation.
- Improving availability and interoperability for financial institutions of data collected e.g. from energy performance certificates, energy audits, smart meters, as well as energy and financial performance data of investment, connected wherever possible to the De-risking Energy Efficiency Platform (DEEP)[8].
- Development, evolution and/or distribution of financial products, including insurance, supporting the securitisation of sustainable energy assets with a particular focus on energy efficiency.
- Targeted support to sustainable energy finance related activities of regulatory bodies and supervisory authorities, in particular related to revised risk ratings and requirements for energy efficient assets.
- Accelerating implementation or overachievement of EU sustainable finance requirements and policies by private investors and/or companies, including support to project developers in order to better meet expectations of private investors (e.g. development of closer connections between technical standards and accounting and disclosure reporting).
- Develop standards to increase the volume of energy efficiency and sustainable energy investments in financial institutions assets and lending portfolio, in line with the EU’s sustainable finance strategy and the EU Taxonomy Regulation.
- Capacity building at all levels of the private finance value chain, in the form of exchanges of best practices, development of training programmes and/or evolution and/or rollout of existing training programmes.
Objective
The topic aims to make investments in energy efficiency and small-scale renewable energy sources more attractive to private investors.
Funding Information
Amount: EUR 3 500 000
Eligibility Criteria
In order to be eligible, the applicants (beneficiaries and affiliated entities) must:
- be legal entities (public or private bodies)
- be established in one of the eligible countries, i.e.:
- EU Member States (including overseas countries and territories (OCTs))
- non-EU countries:
- listed EEA countries and countries associated to the LIFE Programme or countries which are in ongoing negotiations for an association agreement and where the agreement enters into force before grant signature
- the coordinator must be established in an eligible country
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