EUFC Meeting


Design of new “European City Facility” begins

Just prior to last weeks’ climate strikes, a consortium led by city networks in energy and climate began the co-design for a mechanism supporting the mobilisation of local-level climate finance. “It is time for cities to design the instruments they need to finance their energy transition,” explains Claire Roumet of project lead Energy Cities The facility will support municipalities and regions across Europe in mobilising finance, overcoming well-recognised barriers and turning their carbon reduction plans into concrete, bankable projects. Some 200 local authorities will benefit from the facility’s targeted financial, technical, legal and capacity building support. The European Commission supported initiative stands as one of the largest of its kind. Local authorities and regions will be able to apply to make use of the facility to develop credible investment packages on climate as of early 2020.

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