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Investor Energy-Climate Action Toolkit - Developing the framework and platform for non state actors' contribution to the Paris Agreement

Objective

The InvECAT project aims to mobilize voluntary energy efficiency and sustainable energy investment by companies and financial institutions through the development of standardized frameworks and tools and outreach by critical convening and marketing powers (UNEP FI, and Bloomberg). The project will thus enable credible, standardized non-state actor (NSA) energy and climate commitments that directly contribute to the achievement of EU and global energy and climate goals.

At its core, InvECAT develops a “toolkit” for energy and climate target setting and monitoring that companies, financial institutions, regulators and policy makers can exploit to support domestic and global energy and climate goals. Policy makers and governments will have access to a framework and standard templates to define NSA pledges and a monitoring platform tracking alignment to such goals. Companies and financial institutions, reached by large corporate and financial sector networks at WRI and WWF will access target-setting tools that track progress toward existing commitments and the ability to set more ambitious ones. The project will further achieve broad market acceptance through the first international standard measuring the finance sector’s contribution to the Paris Agreement.

The work done through InvECAT will address all types of energy-climate actions, thus covering both sustainable energy and energy efficiency. It builds on market leading data and tool initiatives (e.g. H2020 SEI Metrics project) and commitment initiatives (Science Based Targets initiative and UNFCCC NAZCA portal), while integrating an expanded focus on energy efficiency. The market uptake of the toolkit by all stakeholders (companies, financial institutions, policy makers, civil society) is supported by the extensive outreach and strong networks that consortium members have developed in over 20+ years of experience.

Fields of science (EuroSciVoc)

CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.

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Keywords

Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)

Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

CSA - Coordination and support action

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-EE-2016-2017

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Coordinator

SUSTAINABLE FINANCE OBSERVATORY
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 1 094 612,50
Address
15 RUE DES HALLES
75001 Paris
France

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Region
Ile-de-France Ile-de-France Paris
Activity type
Other
Links
Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 1 094 612,50

Participants (2)

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