CIC2030 – Strategies for Financing the 2030 Targets

The project is completed. The Climate Investment Capacity (CIC) project addressed challenges related to climate investment and it built new capacities in Latvia, the Czech Republic and Germany for this purpose. The starting point of the project was existing knowledge and experience in the field of climate investments and its mapping, which was transferred to other contexts with the help of implementing partners and adapted to the respective national circumstances.
The project is completed. The project supported the public and financial sectors in Latvia, the Czech Republic and Germany in planning future climate investments in a more targeted manner. Together with representatives of the partner governments, the project partners analysed which investments are required for the three countries to achieve the climate and energy goals by 2030. The project also provided an overview of the public and private investments in energy transition, climate protection and climate adaptation that have taken place to date. As a last step, the partners developed capital procurement plans to close the gap between capital requirements and the currently available investment funds.
Project kick-off in Berlin in November 2018. Photo: (c) Samuel Held/GIZ
The products were developed together with the respective national target groups, including the responsible ministries. On the one hand, this covered the needs of the target groups; on the other hand, existing data and the knowledge of the target groups were integrated in this way. Consequently, the stakeholders also became owners of the products and can take them into account in policy decisions. On the basis of the newly acquired knowledge and know-how, the actors will also be able to structure the investment requirements up to 2030 more precisely and to outline them quantitatively, to analyse the status quo and to develop a capital procurement strategy. This enables them to implement the national plans to achieve the 2030 climate goals more successfully and achieve their goals.
Furthermore, project partners and target groups were enabled to contribute to the political debate in the EU and to report about the transparency in the implementation of the EU energy and climate package 2030 and the international climate protection commitments (e.g. as part of the Paris Agreement) and the climate protection expenditure of the EU and the Member States. In the best-case scenario, this could prompt the EU and other EU member states to do more to promote sustainable climate finance.
The EU’s Regulation on the Governance of the Energy Union required Member States to design national energy and climate plans (NECPs), the implementation of which required the mobilisation of significant capital by 2030. While Czechia and Latvia introduced a package of financial incentives and fiscal policies to stimulate investment in the decarbonisation of their economies, the impact of these packages remained insufficient for meeting their ambitious energy and climate targets. At the national and local levels, know-how on the structuring of viable projects and experience of mobilising significant private capital were limited, and the Member States needed new knowledge and capacity if they were to raise this needed capital.
Details on Czechia:
Details zu Lettland:
Updated: February 2023
Countries: Czech Republic, Germany, Latvia
Project duration: 09/18 - 02/21
Funding: 568,113 €
Target groups: Governments, Investors, Public sector
Implementing organisation:
Institute for Climate Protection Energy and Mobility (IKEM)
Project Partners:
Czech Technical University in Prague (CVUT), Riga Technical University (RTU)
Project Website:
ikem.de/
Mrs Aleksandra Novikova, PhD
Organisation: Institute for Climate Protection, Energy and Mobility (IKEM)
Address: Magazinstr. 15-16
10179 Berlin
Germany
Email: aleksandra.novikova∂ikem.de
Tel: + 49 (0) 30 408 18 70-12
The European Climate Initiative (EUKI):
This project is part of the European Climate Initiative (EUKI). EUKI is a project financing instrument by the German Federal Ministry for Economic Affairs and Climate Action (BMWK). The EUKI competition for project ideas is implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. It is the overarching goal of the EUKI to foster climate cooperation within the European Union (EU) in order to mitigate greenhouse gas emissions.
For more information on the EUKI: www.euki.de