The phrase “innovative financing model” refers to mechanisms and instruments that were developed to provide suitable financing for large-scale and in-depth energy efficiency renovations in buildings. Examples of innovative financing models include instruments such as:
- Energy Performance Contracting (EPC)
- Third Party Financing (TPF)
- revolving funds
- cooperative models (REScoop)
- green bonds
Although these schemes have proven successful and have been applied in several contexts, they have not yet been widely used across Europe. There are still some barriers that block replication and extensive application of those schemes. This is why CITYnvest aims to overcome those obstacles.