Upcoming this month: EU Sustainable Energy Week
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EUSEW to take place online on the 22nd to the 26th of June
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COVID-19 has not deterred our efforts to keep sustainable energy solutions on the foreground, but has challenged us to find new ways to come together. This year's EU Sustainable Energy Week ("EUSEW"), themed " Beyond the crisis: Clean energy for green recovery and growth" will be held online. EUSEW is the biggest event dedicated to renewables and efficient energy use in Europe.
The EuroPACE team is thrilled to be part of the event and to present our home renovation model on the 25th of June at 11AM. GNE Finance founder and CEO Davide Cannarozzi and Joserra Lopez, Project Manager at Ente Vasco de la Energía will take part in the session "Effective home renovation programs to stimulate the post COVID-19 recovery", showcasing successful home renovation programs with the ability to achieve scale and play a pivotal role in achieving the European Green Deal’s goals. It will highlight several initiatives that provide technical support and financing to European citizens, within the framework of broader urban regeneration strategies.
For those interested to participate in the EUSEW, please note that you must register in advance. Registrations will open on the website later this month. |
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"Energy efficient home improvements and the green stimulus"
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WHEN: June 3rd, 15:00 CET
Under the EuroPACE umbrella, Climate Bonds Initiative and GNE Finance are hosting this webinar which explores the great potential that lies with retrofitting homes in order to foster a green and fair post-COVID-19 recovery.
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CBI has prepared a 10-page discussion paper highlighting successful stimulus packages implemented across the globe after the 2008 financial crisis.
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"COVID-19 and the Social Green Recovery" (ES)
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WHEN: June 11th, 12:00 CET
Green Building Council España and GNE Finance will be organizing this webinar on the key role innovative finance must play in the Social Green Recovery in Spain, drawing examples from other European countries.
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Please note that this webinar is in Spanish.
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"Cities and Regions leading the Social Green Recovery in Spain" (ES)
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WHEN: July 2nd, 12:00 CET
Following up on the previous webinar, Green Building Council España and GNE Finance are organizing part 2 in July, diving deeper into how to construct resilient communities through eco-sustainable home renovation.
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A registration link for this webinar will soon be made available.
Please note that this webinar will also be in Spanish.
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Green Finance Institute's Coalition for the Energy Efficiency of Buildings publishes report on retrofit financing
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EuroPACE presented as case study on how to deploy innovative financing to scale up retrofit financing
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Green Finance Institute's Coalition for the Energy Efficiency of Buildings, established in the UK, has presented its first findings on the scaling up of retrofit financing. In its report, it finds that a lack of attractive and available financing is a common barrier to energy-efficient renovations, highlighting the urgent need to expand the scale and pace of investment in the sector.
The report features EuroPACE as a case study for innovative financing solutions, using the project as an example of how to effectively lower the threshold for energy-efficient home renovations and proliferate urgently needed action within the retrofit sector.
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Post-COVID-19 economic opportunities for Europe's building sector
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BPIE Analysis points to potential to mitigate economic fallout through scaling up deep renovation rate
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BPIE's recent report shows that up to €90 billion would be needed annually until 2050 in order to trigger a significant scaling op of the renovation rate and depth. €76 billion would need to be allocated in support of building renovation, with the additional €14 billion pooled in an innovation fund, aimed at scaling up serial renovation of buildings on an industrial scale.
Policymakers in Europe should integrate these findings in their decision-making process with regards to recovery packages and planning; renovating Europe's building stock offers an unmissable opportunity to increase economic activity, achieve climate and energy targets and provide healthy buildings to all European citizens.
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In the spotlight: Horizon 2020 and the EuroPACE project
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Video interview with GNE Finance founder and CEO Davide Cannarozzi
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Thanks to the EU support via the Horizon 2020 programme, the EuroPACE project developed a pilot in Spain and is being replicated in other countries. In this video Davide notes the importance of developing practical solutions and bringing them to the market, thus reaching the goals of the European Green Deal.
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Commission reinforcing Green Deal-related research and innovation with dedicated call under Horizon 2020
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The European Commission will soon launch the European Green Deal call, worth close to €1 billion, under its Horizon 2020 research & programme. In January 2020, EuroPACE partners already voiced their support for such an initiative.
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Webinar: "Post COVID-19 urban regeneration: One-stop-shops for a fair, green and social recovery"
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On the 12th of May, Opengela invited representatives from 6 European projects to hold a debate about which strategies are optimal for local urban regeneration projects to successfully weather the COVID-19 crisis and create a basis for socio-economic recovery. The webinar was attended by more than 180 participants from 26 countries and 4 continents.
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Update on Renovation Fund for All Europeans
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GNE Finance was one of the signatories of the 'Renovation Fund for All Europeans' campaign led by Renovate Europe.
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While the initiative garnered support and received more than 125 signatories, the recently released Next Generation EU Communication does not have a dedicated Renovation Fund. Instead, the Commission proposed that InvestEU and the Recovery and Resilience Facility support these efforts.
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Keeping PACE with the Latest Developments
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Relevant articles, reports, opinion pieces
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- The European Investment Bank has published a document clarifying aspects of financing Energy Performance Contracting with Structural Funds. ESIF financial instruments provide apt tools to achieve to the EU's Renovation Wave and Recovery Fund.
Most notably, it has been established that the Commission accepts the possibility of forfaiting (sales of receivables) without increasing debt of ESCOs. Read the brochure here.
- The International Energy Agency has published an article about 5 key lessons drawn from the 2008 financial crisis which can provide useful guidance for stimulus packages developed in response to the COVID-19 crisis. Read the article here.
- DWS Research Institute released a report containing EU policy recommendations: "Green, healthy buildings as economic stimulus". It offers several proposals on how to kick-start the renovation wave in the wake of the pandemic. Read the report here.
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Thank you for being part of the EuroPACE Community
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We look forward to working with you to make EuroPACE a success
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Sincerely,
The EuroPACE Partners
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