Dear sustainable building advocates,

The European Commission encourages Member States to use EU financial resources to implement national, regional and local support schemes to promote sustainable building renovation. However, the investments necessary to increase energy efficiency in buildings are already reaching level that cannot be covered with public money alone. The Commission estimates that the EU annually invests €85-90 billion in the energy efficiency of buildings through public programs, while the renovation of existing buildings alone will require additional investments of €275 billion per year to achieve the 2030 climate targets (COM). Thus, to achieve energy and climate policy goals, the increased mobilisation of private capital for climate-friendly construction and renovation is crucial. Being a significant link between investors, industry and homeowners, local authorities need to familiarise themselves with the available financial instruments and determine the most suitable ones for successful implementation of sustainable renovations at local level.

This is exactly where Module 2 of the online training "Circular Buildings", implemented as part of the EUKI SURF project, comes into play. In Module 2, the European Commission (tbc) will provide an overview of the EU financial instruments that focus on sustainable building renovation and are available to local authorities. In addition, Creara, a consultancy based in Madrid, will introduce us to innovative financing instruments such as green bonds, on-bill programs, revolving funds or green mortgages. This will be followed by a good practice example - Estonia (Tallinn) will share its experience with the KredEx Revolving Fund.

Module 2 will take place online (Zoom) on March 21, 2024, at 10:30 a.m. - 12:00 p.m. CET.

If you are interested, please register under this link. Registration is available until March 20, 2024.

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