A revolving loan fund is a source of money from which loans are made for multiple sustainable energy projects. Revolving funds can provide loans for projects that do not have access to other types of loans from financial institutions, or can provide loans at a below-market rate of interest (soft loans).
Energy cooperatives refer to a business model where citizens jointly own and participate in renewable energy (RES) or energy efficiency (EE) projects. In energy cooperatives citizens are involved in both the decision making and financial & economical participation. All citizens are eligible to participate. After purchasing a cooperative share and becoming a member or co-owner of local RES and EE projects, members share in the profits and often are given the opportunity to buy the electricity at a fair price.
URBACT’s mission is to enable cities to work together and develop integrated solutions to common urban challenges, by networking, learning from one another’s experiences, drawing lessons and identifying good practices to improve urban policies.
The programme supports the European Urban Initiative through:
Horizon Europe is the EU’s key funding programme for research and innovation.
It tackles climate change, helps to achieve the UN Sustainable Development Goals and boosts the EU’s competitiveness and growth. Under it Pillar II, Horizon Europe is divided in 6 clusters:
The Just Transition Mechanism (JTM) is a key tool to ensure that the transition towards a climate-neutral economy happens in a fair way, leaving no one behind. The Just Transition Fund (JTF) is one of its three pillars (together with the InvestEU Just Transition Scheme and the Public Sector Loan Facility). As the new instrument of the Cohesion policy supports the territories most affected by the transition towards climate neutrality to avoid regional inequalities.
The European Social Fund Plus (ESF+), with a budget of almost € 99.3 billion for the period 2021-2027, provides an important contribution to the EU’s employment, social, education and skills policies, including structural reforms in these areas.
The Fund is one of the cornerstones of recovery from the coronavirus pandemic and will help address challenges related to labour participation, education and health systems and increased inequalities.
The European Regional Development Fund (ERDF) aims to strengthen economic, social and territorial cohesion in the European Union by correcting imbalances between its regions. In 2021-2027 it will enable investments in a smarter, greener, more connected and more social Europe that is closer to its citizens.
The ERDF will enable investments to make Europe and its regions:
The EMFAF runs from 2021 to 2027 and supports the EU common fisheries policy (CFP), the EU maritime policy and the EU agenda for international ocean governance.
The EMFAF supports innovative projects that contribute to the sustainable exploitation and management of aquatic and maritime resources.
In particular, it facilitates
The Cohesion Fund provides support to Member States with a gross national income (GNI) per capita below 90% EU-27 average to strengthen the economic, social and territorial cohesion of the EU. The Cohesion Fund supports investments in the field of environment and trans-European networks in the area if transport infrastructure (TEN-T).
It is also possible to use the CF in the form of financial instruments.
