The H2020 project ComAct launches its toolbox of financing models
The H2020 project ComAct (Community Tailored Actions for Energy Poverty Mitigation) has just launched its toolbox of financing schemes for energy-poor households.
The ComAct project aims to lift citizens in CEE and CIS region out of energy poverty by developing and piloting a set of community tailored actions, in three main dimensions:
- empower and activate the communities of homeowners’ associations
- develop and adapt financial tools that provide financing for low-income families
- optimise technical solutions that provide most favourable cost-benefit ratio for the energy efficient improvements in multi-family apartment buildings.
The toolbox of financing models provides an overview of existing support schemes in the region (mainly Hungary, Bulgaria, North Macedonia, Lithuania and Ukraine) to support future policy analyses in the design of innovative financial instruments specifically targeted to meet the needs of low-income households.
Each financing model is collected and described with the specific goal of identifying individual approaches to the inclusion of households suffering or at risk of energy poverty in national and local renovation policies, taking into account the scope, volume of investment and expected energy savings.
The toolbox covers the following schemes:
- offered and managed by commercial banks and specialised funds (loans, guarantees, forfeiting, bonds),
- existing grant schemes,
- energy performance contracts and energy service company (ESCO) schemes,
- chauffage (long-term energy supply) contracts,
- on-bill recovery and on-tax recovery,
- leasing schemes,
- white/green certificates,
- energy efficiency obligation schemes,
- emissions trading,
- dedicated financial support to low-income/vulnerable households (fuel subsidies),
- specialised energy poverty alleviation mechanisms.
We invite you to browse the ComAct toolbox which lists all the schemes listed above here.
For more information, please read the full report on which the toolbox was developed.