CIC2030 – Strategies for Financing the 2030 Targets

The EU’s Regulation on the Governance of the Energy Union requires Member States to design national energy and climate plans, the implementation of which requires the mobilisation of significant capital by 2030. While Czechia and Latvia have introduced a package of financial incentives and fiscal policies to stimulate investment in the decarbonisation of their economies, the impact of these packages remains insufficient for meeting the ambitious energy and climate targets set. At the national and local levels, know-how on the structuring of viable projects and experience of mobilising significant private capital are limited, and the Member States need new knowledge and capacity if they are to raise this capital

The project supported Latvia, Czechia, and Germany in planning climate investments more effectively. It analysed the necessary investments to meet climate and energy goals by 2030 and provided an overview of past public and private investments in energy transition, climate protection, and adaptation. The project also developed capital mobilisation plans to bridge the gap between investment needs and available funds.

Project kick-off in Berlin in November 2018. Photo: Samuel Held/GIZ

The results were developed in collaboration with national target groups and ministries, integrating their data and knowledge. This collaboration allows stakeholders to better plan investment needs up to 2030 and more effectively achieve national climate goals.

The project enabled partners to contribute to the EU political debate and report on the implementation of the EU Energy and Climate Package 2030 and international climate commitments. This could encourage the EU and other member states to increase their focus on sustainable climate financing.

• Mapping energy poverty: Energy poverty was systematically recorded for the city of Cluj-Napoca and displayed on an interactive map. This made affected urban areas visible and provided a basis for measures to combat energy poverty. 
• Know-how transfer: As part of the project, over 125 stakeholders (including local authorities in Cluj-Napoca, individual tenants and tenant associations, energy suppliers, NGOs, and universities) in the Cluj-Napoca region were trained in linking measures to combat energy poverty with climate protection.  
• Political anchoring: Energy poverty was firmly anchored in the local policy framework and integrated into the new housing strategy and the existing strategy for centralized district heating—a decisive step toward permanently combining CO₂ reduction and social justice.