2019 and Onward

Vol 2 Issue 1, February 2019

Picking Up Pace in 2019

EuroPACE Talk about social and economic benefits of renovation, recording of the webinar on innovative financing solutions, and more.

Welcome to 2019! The EuroPACE team has hit the ground running. We are finalizing the market analysis of the selected countries: Austria, Belgium, Netherlands, Italy, Poland, Portugal, Romania, and Spain. Our research team, led by CASE, is assessing local market conditions and potential demand for EuroPACE programmes.
In parallel, we are beginning to interview potential Leader Cities and will eventually select four by the end of the year.

In Olot, our team is working on the ground to launch the pilot this spring. Specifically, we hosted local experts for a workshop to develop a set of eligible measures financed by the programme and will convene another workshop to finalize the outreach campaigns later this month.
In the meanwhile, the we are also developing an IT platform behind the pilot.
Lastly, we are beginning to plan the 1st EuroPACE Summit to be held in Brussels this June. Stay tuned!

EuroPACE Talk: “Innovative Financing for Social and Economic Change.”

We decided to kick of the 2019 EuroPACE Talk with a focus on social and economic benefits of energy efficiency renovation and innovative financing tools. The talk build upon the white paper co-developed by SmartEN, Joule Assets Europe and GNE Finance. Please download the paper here.

The 4th EuroPACE Talk is focused on innovative financing tools. Today we are talking to Caroline Milne from Joule Assets, Inc.

Scaling home and commercial building renovation in Europe will require a significant investment from both public and private sectors. What innovative financing tools are available to European citizens to renovate their homes?

Many innovative financing tools have been developed in the past years within the private sector, with the purpose of sustaining building renovation investments in residential, commercial, industrial and public assets. Among these, Energy Performance Contracting (EPC), On-Tax Financing, On-Bill Financing and Crowdfunding have proven – when properly implemented – the most effective solutions to fill the financing gap. The most versatile financing option, and adaptable to different types of projects is EPC, which is a contractual agreement between the building owner and the Energy Service Company (ESCO), where the ESCO provides the finance and pays the investment back through energy savings that are contractually guaranteed to the client... continue reading.

What are some social, economic and health benefits of energy efficiency renovation?

Energy efficiency improvements can impact the health of vulnerable citizens in a very important way; reduced respiratory disease symptoms and lower rates of excess winter mortality in cold climates are the most prominent benefits, as well as a decrease in mental health problems linked to energy poverty. Home renovation has the power to bring a considerable number of Europeans out of energy poverty, lowering their energy bills and improving their indoor environment...continue reading .

Download Full Interview

Webinar recording: "Scalable Innovative Financing for Smart Buildings"

This webinar addresses some innovative financing mechanisms that have the potential to dramatically increase the volume of building renovation projects:

Energy Performance Contracting (EPC)
On-tax financing and on-bill financing
Crowd financing

Getting to Know the EuroPACE Team

EuroPACE team is composed of 8 organizations from 4 countries. Each partner has unique expertise and experience. In the next few months we will be featuring team members from all the partners.

Jordi Ayats is a Program Manager at the Olot City Council where he is responsible for the EuroPACE Olot pilot. Jordi is experienced in designing, implementing and managing multidisciplinary teams in a wide range of technological and R+D related projects in both public and private administrations worldwide. Connect with Jordi.

Eduard is a co-founder and a chief operations officer at GNE Finance. He is involved in all aspects of the EuroPACE programme from the design of the pilot to its implementation and scaling to 4 leader cities. Connect with Eduard.

Caroline Milne is Director of Communications and Marketing for Joule Assets Inc, where she develops and deploys Joule’s communication and marketing strategy in both Europe and the United States. Caroline supports EuroPACE communications and lobbying efforts at the European level. Learn more and connect with Caroline.

Keeping PACE with the Latest Developments

We've compiled a list of relevant and provocative pieces to read on your holiday break.

Read the latest post by the IEA entitled "Commentary: Efficiency should always be the first answer".
Covenant of Mayors Investment Forum is coming up, register and learn more here.
Climate Bonds Initiative is holding its Annual conference on March 5 -7. Learn more.
Climact released a new report "Net Zero by 2050" outlining several pathways to a carbon free future. R ead more.
A thought-provoking piece by the Economist entitled "Efforts to make buildings greener are not working" - read more.

Thank you for being part of the EuroPACE Community

We look forward to working with you to make EuroPACE a success.

Sincerely,
The EuroPACE Partners

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The EuroPACE Project is funded by the European Union’s Horizon 2020 research and innovation programme under grant agreement No 785057.