EUSEW 2021: The one billion dollar challenge: How to pay for climate-neutral and smart cities – webinar 

On 11 October, the CEPI Secretariat attended the “How to pay for climate-neutral and smart cities” webinar organized by the European Commission (EC) in the framework of the EU Sustainable Energy Week (EUSEW) 2021.

Speakers of the event, moderated by the EC, included: Prof Maria Kamargianni, Coordinator of CIVITAS Harmony and Head of MaaSLab, UCL Energy Institute, University College London, Mr Magnus Andersson, Financing Expert at the Celsius initiative and Partner at IMCG, Ms Jessica Stromback, CEO, Joule Assets, and Mr Sergio Olivero, Leader of the “Deep Retrofitting Initiative” of the Smart Cities Marketplace (Energy Center of the Politecnico di Torino)
Cities want to become smart and climate-neutral, but public funds alone will not suffice. Private investors are also willing to invest, but how to combine public and private funds to create climate neutral cities? An estimated 96 Billion Euros are needed to achieve climate neutrality by 2030 for 100 European cities (with 100.000 citizens on average), as proposed by the EC and actively sought and supported by cities all over Europe.
Interventions made by the speakers touched upon the topic of climate-neutral mobility and presented various concepts and pilot projects in large cities as well as different financing approaches, the development of financing sources for climate-neutral heating and cooling as well as challenges and recommendations, financing models to build and foster new energy efficient systems. A number of European initiatives and projects about cities and how they can serve as a guide to ensure possible climate neutrality in a large city by 2030 were also presented.
To consult the full programme of the event, please visit: here.