New tool allows local stakeholders to identify the best green financing schemes

The Horizon2020-funded project PROSPECT launched a tool allowing to compare and identify the best green financing schemes, for different sectors at local level, to define where & how to invest, with which partners and priorities.

The tool can be downloaded for free on the project website and is accompanied by a detailed handbook.

This self-assessment tool contains a set of questions, which help to determine which financing scheme will be the most suitable for the local authority to implement for local sustainable energy and climate project investments. It consists an easy-to-grasp checklist that assists a local authority in its first decision-making steps to decide against a set of financing alternatives (EPC, Third-party financing, Revolving funds Cooperative and Crowdfunding, Guarantee funds, Soft Loans, Green bonds), it compares them and proposes the most suitable one

There are 4 sectors of recommendation:

  • Public Buildings
  • Public Lighting
  • Private Buildings
  • Cross-sectoral

For each sector, there are specific innovative financing schemes that could be best adopted in. For each financing scheme, the user should answer the questions by selecting one of the pre-determined (YES/NO) answers provided. These questions represent the pre-requisites for implementing each innovative financing scheme at the local level


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