Project description
Helping citizens empower energy transition
An energy transition – a move away from fossil fuels to renewables, such as wind and photovoltaics – is essential but not easy. It requires changes in existing infrastructure to align the old energy system with the new. The EU-funded CitizEE project will assist European public authorities secure investments for energy efficiency in the building sector by attracting private investments. It will also enable to form a large-scale community-based energy efficiency programme and increase know-how of regional and national stakeholders. The overall aim is to develop a trusted legal, financial and operational environment to attract citizen private investments. Together with public financing instruments, the aim will be to enhance capacity of crowdfunding operators and cooperatives while stimulating the required investment towards higher renovation rates and thus a more efficient building stock.
Objective
The energy transition causes significant challenges in the building sector, which demand profound changes not only on the economic perspective, such as implementing innovative financial models to overcome financial barriers, but also fostering cooperation between all actors involved, paying particular attention to citizens and communities. It is essential to advance the business cases for energy efficiency measures and to increase support for respective projects, by standardising citizen financing in investment programs. There is therefore a need to consider the role of different actors (public authorities, financial institutions, project developers) and the interactions with innovative citizen models, particularly at the regional/national scale.
The main objective of CitizEE is to support European public authorities to scale up investments for energy efficiency in the building sector through attracting citizen private investments. By integrating tailored and widely adopted crowdfunding and cooperative financing schemes with adequate available or to be developed Public Financing Instruments (PFIs), CitizEE will enable to set up large-scale community energy efficiency programs while strengthening know-how of regional/national key stakeholders.
The ambition is to put in place a sound enabling legal, financial and operational environment to attract citizen private investments coupled with Public Financing Instruments (PFIs) aimed at: (i)mitigating performance & credit risks, (ii) closing financing gaps, (iii)enlarging citizen access financing, (iv) reducing transaction costs (v) enhancing capacity of local crowdfunding operators and cooperatives and (vi) stimulating the required investment towards higher renovation rates and thus a more efficient building stock.
Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
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.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy
MAIN PROGRAMME
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H2020-EU.3.3.7. - Market uptake of energy innovation - building on Intelligent Energy Europe
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H2020-EU.3.3.1. - Reducing energy consumption and carbon foorpint by smart and sustainable use
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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.
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.
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.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-LC-SC3-2018-2019-2020
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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.
81369 Muenchen
Germany
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
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.