EuroACE has recently published a booklet summarizing workshops, which discussed policy evaluations and possible ways forward for energy efficiency legislation, in order to set a more solid framework for building renovation. One of the EuroACE's workshops discussed the best ways to unlock financing for energy efficiency in buildings and energy renovations. Miguel Casas from Energinvest represented CITYnvest project at that event.
According to Miguel Casas, “There is no silver bullet, and several operational models can deliver if well adapted to the context.” However, we can speak about two major models; facilitation (e.g. project assistance by an expert) and integration (e.g. one-stop-shops integrating demand and supply, and sometimes financing into one body). Both models can be combined with aggregation, which means combining projects with same characteristics, like social housing, or at a neighborhood level, into a single larger project in order to achieve a profitable size of investment. These different models address the vast majority of ‘barriers’ usually described in relation to energy efficiency in buildings. However, typically, integration models deliver more energy savings but their timeframe is rather medium to long-term. Moreover, their success is also linked to the clear leadership role of public authorities in setting the right enabling framework.
More information about different models and their comparison is available in the CITYnvest report “Increasing capacities in cities for innovating financing in energy efficiency”.