Environmental Financing

Environmental Financing

The topic area brought to a close the three-year “Thematic Programme Capitalization, Climate Change Lot”,supported by Interreg IVC, by developing a proposal for the Interreg IVC Policy Learning Platform and a report on the evaluation of the capitalisation results and impact. 

Seven one-week trainings were organised in Albania, Bosnia and Herzegovina, Croatia, the former Yugoslav Republic of Macedonia, Serbia, Turkey and Ukraine under the project “Environmental, Health and Safety, and Social (EHSS) Capacity Building for Local Consultants”,financed by the EBRD. The trainings focused on requirements of the EBRD and other international financial institutions (IFIs), and addressed the following topics: the EBRD’s EHSS policies, procedures and due diligence requirements, including project monitoring; IFI banking and investment processes; the legal mechanisms through which the EBRD and other IFIs agree on and ensure actions designed to manage risk and drive compliance with their respective policies; and sector-specific EHSS issues faced by IFI clients. The workshops were organised and facilitated by a consortium led by Monkey Forest Consulting Ltd. and the REC. 

The project “Improving Financing for Resource Efficiency Measures in CEE and Ukraine”is a follow-up to the REC-implemented project “Improving Access to Green Funding in CEE and Ukraine”.The current project aims to contribute to the process of funding resource efficiency in CEE and Ukraine and includes the following activities:

  • the preparation of guidance on financing energy efficiency projects in CEE and Ukraine, which addresses the energy efficiency aspects of resource efficiency;
  • the creation of the “Gateway to Financing Resource Efficiency in CEE and Ukraine”, an online platform that collects and organises available resources and features all REC work on the topic; and
  • the organisation of the conference “Strengthening Local Environmental Planning and Environmental Civil Society in Ukraine: Cities as Drivers of Sustainable Development in Ukraine”. The conference took place on October 19 and 20 in Kyiv and served as a platform for discussions on how to increase the flow of funding for energy efficiency in Ukraine. The conference was attended by ministers and high-level ministry experts; representatives of the embassies of the major donor countries; financial institutions such as the EBRD, IFC and NEFCO; and representatives of Ukrainian municipalities.

The “Green Infrastructure Implementation” project, funded by DG Environment, focuses on the implementation of the Green Infrastructure Strategy. The aim is to help promote the uptake of green infrastructure and foster interlinkages with other policy areas; carry out capacity building, training and education for green infrastructure; improve information exchange mechanisms; assess technical standards; and carry out cost-benefit scenario analyses to assess the differences between the current policy framework and the potential establishment of a TEN-G network. The topic area team developed three sector sheets on the linkages between green infrastructure and the energy, industry and water sectors. In addition, the topic area team prepared two workshops on the multiple benefits of green infrastructure, held in Budapest (Hungary) and Arad (Romania). The team also contributed to an analysis of green infrastructure information exchange mechanisms.

Through the project “Green Public Procurement in Action” (Green ProcA), which is supported by the EU Intelligent Energy Europe (IEE) Programme, REC Romania is playing an active role in promoting sustainable consumption; enhancing the ability and effectiveness of public authorities and other public actors to apply green criteria in their purchasing activities; and ensuring a broader transfer of knowledge among European countries. Concrete actions carried out in 2015 include providing six trainings for over 100 practitioners as well as technical support on green public procurement at local level; assessing 39 sustainable energy action plans (SEAPs) and their green public procurement measures; developing and promoting green public procurement in SEAP guidelines for municipalities and local governments; and collecting innovative case studies and replicable best practices.

The topic area continued to be involved in the activities of the European Network of Environmental Authorities (ENEA), Managing Authorities for the Cohesion Policy. It is also involved in the Partnership for Clean Fuels and Vehicles and the Global Fuel Economy Initiative (GFEI). Experts from the topic area contributed to the GFEI Global Partners and Training Meeting during the International Energy Agency Energy Efficiency Training Week in Paris, on June 11 and 12.

Environmental Financing
To encourage investments in efficient solutions, the topic area developed a platform that provides links to relevant websites and REC work in the field.