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
Low-carbon economy
The Commission has approved a new initiative to promote energy renovation in Extremadura
Download the entire document here.
The Financial Instruments for Energy Renovation Policies Project aims to increase the rate of refurbishment of buildings to increase their energy efficiency.
The Financial Instruments for Energy Renovation Policies Project aims to increase the rate of refurbishment of buildings to increase their energy efficiency.
Saving up to 2 million per year by using financial instruments.
Project FINERPOL representative at a Europe Interreg conference in Malta, the conference was held on 22 and 23 March 2017.
The fourth Interregional event in Trento was on 20th of March.
New forms of financing are crucial for investments in energy-saving.
Around 150 participants learned the new ERDF aids that the Regional Government is designing for the promotion of the energy sector
AGENEX Director presents FINERPOL and REHABILITE Projects in Forum FICON 2016, both led by Extremadura and focused on energy rehabilitation financing
