European Union

Project summary

Buildings account for 40% of energy use and 36% of CO2 emissions in the European Union. Currently, about 35% of the EU's buildings are over 50 years old, and by improving their energy efficiency we could reduce total EU energy consumption by 5-6% and lower CO2 emissions by about 5%.

Increasing investment in energy efficiency and renewable energy for buildings is a major challenge, requiring substantial up-front investments (estimated at €38 billion during 2011-30).

FINERPOL aims to increase the renovation rate of buildings by improving access to finance and so enabling those upfront investments to be made.

The European Union provides support for 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 from public private partnerships.

€1,937,885.00

from 1 Apr 2016
to 31 Mar 2020

Topic

Low-carbon economy

Partnership

Lead Partner

Partner

What policy instruments does the project address?

Extremadura (Spain). Operational Program for ERDF of Extremadura 2014-2020 The addressed policy is included in the Operational Program for ERDF of Extremadura 2014-2020. Investment priority PI.4.3 Support of energy efficiency, smart management of energy and renewable energy implementation in public infrastructures, including public buildings and household.

Which partners are working on this?

Extremadura Energy Agency
Extremadura Regional Government

Southwest LEP European Structural and Investment Funds. TO4 Low Carbon. Building the market in low carbon technology Plymouth City Council (PCC) Managing Authority. The addressed policy is included in the Heart of the Southwest LEP European Structural and Investment Funds Strategy: Integrated Activity C. Reaching new markets: TO4 Low Carbon. Building the market in low carbon technology ERDF allocated : Transition areas (including Plymouth) £5.51m (total approx. €7.65m)

Which partners are working on this?

Plymouth City Council

Region of Western Macedonia (Greece). Regional Operational Programme of Western Macedonia / Thematic Objective - Axis 4 Managing Authority Regional Operational Programme of Western Macedonia / Thematic Objective - Axis 4 / Supporting the Shift Towards a Low Carbon Economy in All Sectors Western Macedonia University of Applied Sciences (TEIWM) will prepare a regional action plan for Axis 4 structural funds of the regional operational programme that will combine the two project objectives: - To transfer current partners practices in the definition of policies combining FIs and ESIF for energy efficiency and renewable energy investment in buildings. - To generate an Action Plan for the design and implementation of an Instrument in RWM, combining ERDF, and aiming to promote EE and Res in buildings.

Which partners are working on this?

Western Macedonia University of Applied Sciences (TEIWM)

Operational Programme Prague – Growth Pole (OP PGP) of the Czech Republic for the period 2014-2020 The addressed policy is included in the Operational Programme Prague – Growth Pole (OP PGP) of the Czech Republic for the period 2014-2020, the thematically specific parts connected with ERDF funding. Namely there are two relevant priorities: - Priority axis 2: Sustainable mobility and energy savings (thematic objective 4) with the specific objective 2.1: Energy efficient city buildings using also suitable renewable energy sources, energy efficient technologies and smart management systems. - Priority axis 1: Strengthening research, technological development and innovation (thematic objective 1) with the specific objective 1.2: Easier establishment and development of knowledge-intensive companies; in the context of this project with a focus on energy efficient technologies for buildings. These two priorities capture very well both improving energy efficiency in public buildings (priority axis 2) and innovation in the same field in the private sector, specifically SMEs (priority 1). While the financial instruments are addressed in the priority axis 1 (though not tested yet), the financial instruments are missing in the priority axis 2.

Which partners are working on this?

City of Prague

Norte (Portugal). North Region Operational Program (2014-2020) – Norte2020 Specific objective “To raise energy efficiency in public infrastructures of regional and local administration, supporting the implementation of energy efficiency and rationalizing consumption”

Which partners are working on this?

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

(Czech Republic) Integrated Regional Operational Programme (IROP) for the period 2014-2020 The addressed policy is included in the Integrated Regional Operational Programme (IROP) for the period 2014-2020. One relevant policy was identified: - Investment priority 4c of Priority axis 2: Supporting energy efficiency, intelligent energy management and renewable energy use in public infrastructures, including in public buildings and in the housing sector ; specific objective 2.5 : Improving energy performance in the housing sector.

Which partners are working on this?

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

Baden-Württemberg (Germany). Integrated Energy and Climate Change Concept of Baden-Württemberg The addressed policy is part of the Integrated Energy and Climate Change Concept of Baden-Württemberg, which entered into force on July 31, 2013. Action “Heat”, measure 41: State promotional funding for energy efficiency refurbishment (Landesförderung für energetische Gebäudesanierung) which is an operational program which is targeting to enhance the energy efficiency and application of renewable energy in the housing sector as well as in the service/trade and industry.

Which partners are working on this?

Climate Protection and Energy Agency of Baden Württemberg

Trento (Italy) Public-Private Revolving Fund, L.P. 6/99 art 34 ter1.

Which partners are working on this?

Autonomous Province of Trento

Latest News

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New initiative for energy renovation in Extremadura

09/06/2017

New initiative for energy renovation in Extremadura

The Commission has approved a new initiative to promote energy renovation in Extremadura

European Energy Expertise Converges on Gdansk

05/06/2017

European Energy Expertise Converges on Gdansk

The International Conference on Financial Instruments for Energy Renovations will take place on Tuesday 30 May 2017 in the Polish Baltic Philharmonic

5th Interregional Event Summary

16/05/2017

5th Interregional Event Summary

Download the entire document here.

FINERPOL at the 4th International ASHRAE Conference

15/05/2017

FINERPOL at the 4th International ASHRAE Conference

The Financial Instruments for Energy Renovation Policies Project aims to increase the rate of refurbishment of buildings to increase their energy efficiency.

Finerpol Newsletter, 5th Interregional Event

12/05/2017

Finerpol Newsletter, 5th Interregional Event

The Financial Instruments for Energy Renovation Policies Project aims to increase the rate of refurbishment of buildings to increase their energy efficiency.

“FINERPOL presence in the media” 2nd Semester

10/05/2017

“FINERPOL presence in the media” 2nd Semester

Download the entire document here.

Saving up to 2 M/year using financial instruments

30/03/2017

Saving up to 2 M/year using financial instruments

Saving up to 2 million per year by using financial instruments.

FINERPOL representative at a IE Conference in Malta

22/03/2017

FINERPOL representative at a IE Conference in Malta

Project FINERPOL representative at a Europe Interreg conference in Malta, the conference was held on 22 and 23 March 2017.

"4th Interregional Event Summary"

20/03/2017

"4th Interregional Event Summary"

The fourth Interregional event in Trento was on 20th of March.

New forms of financing

14/03/2017

New forms of financing

New forms of financing are crucial for investments in energy-saving.

Latest Events

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Workshop: Keys for financing in energy efficiency

Sep

12

2017

Prague, Czech Republic

Workshop: Keys for financing in energy efficiency

Different action plans and keys will be analyzed to the contribute of energy efficiency projects development