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FALCO SIGNED

Financing Ambitious Local Climate Objectives

Total Cost €

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EC-Contrib. €

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Partnership

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 FALCO project word cloud

Explore the words cloud of the FALCO project. It provides you a very rough idea of what is the project "FALCO" about.

implementing    investments    wp2    piggybacking    builds    sustainable    investment    renovation    volume    private    risk    powerful    contained    pilot    local    27    adopting    sheer    capital    learnt    longlasting    17    solutions    validate    falco    wp7    creation    primary    operations    ing    party    efficiency    life    flemish    realisation    paramount    demand    tested    induce    jobs    wp3    signatories    lack    fight    project    smes    promise    conceptual    unfortunately    ca    document    financing    holds    lessons    gwh    replication    250    picking    looks    scalable    monitor    plans    public    view    designed    uses    wp5    accompanying    recovery    contract    flanders    climate    energy    covenant    economic    lifting    buildings    portfolio    undermines    unlike    flc    action    solution    integrates    aggregated    budgets    cherry    mayors    savings    disseminate    barriers    independent    diligence    wp6    regions    wp4    financial    mio    policy    instead    180   

Project "FALCO" data sheet

The following table provides information about the project.

Coordinator
TRACTEBEL ENGINEERING 

Organization address
address: BOULEVARD SIMON BOLIVAR 34 - 36
city: BRUXELLES
postcode: 1000
website: www.tractebel-engineering-gdfsuez.com

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Belgium [BE]
 Project website http://www.financinglocalclimateplans.eu
 Total cost 1˙172˙451 €
 EC max contribution 1˙172˙451 € (100%)
 Programme 1. H2020-EU.3.3.7. (Market uptake of energy innovation - building on Intelligent Energy Europe)
2. H2020-EU.3.3.1. (Reducing energy consumption and carbon foorpint by smart and sustainable use)
 Code Call H2020-EE-2016-CSA
 Funding Scheme CSA
 Starting year 2017
 Duration (year-month-day) from 2017-06-01   to  2021-05-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    TRACTEBEL ENGINEERING BE (BRUXELLES) coordinator 455˙400.00
2    FACTOR 4 BVBA BE (DUFFEL) participant 250˙400.00
3    SUSTAINABLE MARKETS CONSULTING BE (ANTWERPEN) participant 145˙925.00
4    3E BE (BRUSSEL) participant 96˙943.00
5    CLIMATE ALLIANCE - KLIMA-BUENDNIS - ALIANZA DEL CLIMA e.V. DE (Frankfurt am Main) participant 51˙000.00
6    STAD GENT BE (GENT) participant 49˙468.00
7    VLAAMS-BRABANT BE (LEUVEN) participant 43˙801.00
8    STAD ANTWERPEN BE (ANTWERPEN) participant 42˙906.00
9    PROVINCIEBESTUUR WEST-VLAANDEREN BE (SINT-ANDRIES/BRUGGE) participant 36˙606.00

Map

 Project objective

Implementing ambitious local climate action plans is paramount in the fight against climate change. Moreover, the sheer aggregated investment volume contained in these plans holds the promise of a powerful longlasting economic recovery. Unfortunately, the lack of a comprehensive funding solution undermines the realisation of these plans.

FALCO addresses this problem by developing a financing solution for ambitious local climate plans of over 180 Flemish signatories to the Covenant of Mayors (“FLC Solution”). This solution builds on the results of several previous projects, integrates state of the art knowledge on sustainable energy financing, and was tested at the conceptual level. Unlike other solutions, the FLC solution 1) looks at the climate action plans as a whole (potential for piggybacking) instead of adopting a project-per-project view (risk of cherry picking); 2) focuses on lifting financial and non-financial investment barriers; and 3) uses private capital instead of public budgets for its financing operations. In addition, FALCO will develop accompanying (policy) measures that will induce demand for investments.

FALCO is designed as a scalable pilot that allows real-life testing of the FLC solution.

FALCO will: • Develop the theoretical FLC solution into a fully operational financial solution (WP2); • Develop a project portfolio (ca. 50 mio €) w.r.t. energy efficiency in SMEs and energy renovation of public and private buildings (WP3); • Have an independent party due diligence validate the proposed financial solution and project portfolio (WP4); • Contract investments for at ca. 17.6 mio € resulting in an estimated 27.7 GWh primary energy savings and the creation of 250 sustainable jobs (WP5); • Monitor the investments and document lessons learnt (WP6); • Disseminate the results in Flanders and in the EU, investigate its replication in other EU member states /regions (WP7).

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The information about "FALCO" are provided by the European Opendata Portal: CORDIS opendata.

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