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FALCO SIGNED

Financing Ambitious Local Climate Objectives

Total Cost €

EC-Contrib. €

Partnership

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Outcomes and
results

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.

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

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 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.	BE (BRUXELLES)	coordinator	455˙400.00
2	FACTOR 4 BVBA FACTOR 4 BVBA Organization address address: KRUISSTRAAT 127 city: DUFFEL postcode: 2570 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	BE (DUFFEL)	participant	250˙400.00
3	SUSTAINABLE MARKETS CONSULTING SUSTAINABLE MARKETS CONSULTING Organization address address: FAMILIESTRAAT 72 city: ANTWERPEN postcode: 2060 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	BE (ANTWERPEN)	participant	145˙925.00
4	3E 3E Organization address address: KALKKAAI 6 city: BRUSSEL postcode: 1000 website: www.3e.eu contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	BE (BRUSSEL)	participant	96˙943.00
5	CLIMATE ALLIANCE - KLIMA-BUENDNIS - ALIANZA DEL CLIMA e.V. CLIMATE ALLIANCE - KLIMA-BUENDNIS - ALIANZA DEL CLIMA e.V. Organization address address: GALVANISTRASSE 28 city: Frankfurt am Main postcode: 60486 website: www.climatealliance.org contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	DE (Frankfurt am Main)	participant	51˙000.00
6	STAD GENT STAD GENT Organization address address: BOTERMARKT 1 city: GENT postcode: 9000 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	BE (GENT)	participant	49˙468.00
7	VLAAMS-BRABANT VLAAMS-BRABANT Organization address address: PROVINCIEPLEIN 1 city: LEUVEN postcode: 3010 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	BE (LEUVEN)	participant	43˙801.00
8	STAD ANTWERPEN STAD ANTWERPEN Organization address address: GROTE MARKT 1 STADHUIS city: ANTWERPEN postcode: 2000 website: www.antwerpen.be contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	BE (ANTWERPEN)	participant	42˙906.00
9	PROVINCIEBESTUUR WEST-VLAANDEREN PROVINCIEBESTUUR WEST-VLAANDEREN Organization address address: KONING LEOPOLD III LAAN 41 city: SINT-ANDRIES/BRUGGE postcode: 8200 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	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.