[relevant_sector]

Sustainable Finance for Industry Decarbonisation

Advancing industrial decarbonisation in the Czech Republic, Hungary, Poland, and Slovakia.

Background

Visegrád Group (V4) constituents Czech Republic, Hungary, Poland, and Slovakia are currently lagging behind in industrial decarbonisation. The four countries have to focus their efforts on heavy-emitting industries if they are to meet national as well as EU climate targets. However, the necessary expertise, financing mechanisms and policy incentives are still lacking among representatives of politics, business, and finance.

Industrial Site Landschaftspark Nord in Duisburg, Germany

Industrial Site Landschaftspark Nord in Duisburg, Germany; Photo Industrial Site Landschaftspark Nord in Duisburg, Germany © pixabay

Project

The project team provides representatives of heavy-emitting industries, of financial institutions and policy makers with the necessary knowledge to promote and advance decarbonisation efforts in the target countries. To this end, the team carries out several activities, closely engaging with the target group at all stages. First, it conducts a baseline study on the state of industrial decarbonisation in the V4 countries. On this basis, it develops a policy and financing roadmap that guides investors and policy makers through the steps they need to take in order to initiate the decarbonisation process. Additionally, workshops and information events target representatives from the industries, providing knowledge and skills in the fields of climate change, decarbonisation, climate policies and sustainable finance. Furthermore, a conference and an online portal enable the target group to easily access information on industrial transformation as well as on financing opportunities and instruments. While providing decision makers with the necessary knowledge, the activities also foster communication, collaboration and networking among the participants. This enables the sharing of ideas, of best practice examples, and the formation of a critical mass to hold politicians accountable for their decarbonation efforts. An “industrial taskforce” in each country gathers members from different sectors and geographical areas, who commit themselves to net-zero goals, provide thought leadership for the further project, and promote the decarbonisation agenda. In the medium to long term, these activities thus contribute to the development of decarbonisation-oriented policies and regulatory frameworks in the V4 region.

Project information

Updated: April 2022

Countries: Czech Republic, Hungary, Poland, Slovakia

Project duration: 10/21 - 12/23

Funding: 532,499 €

Target groups: Experts, Governments, Policy makers

Implementing organisation: EUROPEUM Institute for European Policy

Contact Person

Mr Vladimir Bartovic

Organisation:
EUROPEUM Institute for European Policy

Adress:
Staroměstské náměstí 4/1,
110 00 Prague 1, Czech Republic

Email:
vbartoviceuropeum.org

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 call 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.

Contact

European Climate Initiative (EUKI)
Potsdamer Platz 10
10785 Berlin – Germany

Tel.: +49 (0)30 338424 570
infoeuki.de