"Money creates markets: Tools to motivate Public and Private Funds for Renewables and Energy Efficiency projects "
Tuesday, 29 November 2011, 18:00-21:30, Members Salon, European Parliament, Brussels
Meeting the 2020 targets or achieving the 2050 goals depends not only on the political will, public acceptance, permitting procedures but very much on the financing approaches.
With regard to the Proposal for a Regulation on "Guidelines for trans-European energy infrastructure" which aims to complete and interlink energy networks, negotiations of the next multiannual financial framework, Regulation establishing "Connecting Europe Facility" and other current issues, there is a lot that was discussed at this parliamentary debate.
New financing models which would facilitate investments in the renewable and energy efficiency projects are crucial and their implementation can not be further delayed. This was discussed from the perspective of the European Commission, European Parliament, banks and industry at the panel discussion which followed two key note speeches. The panel discussion was chaired by Anni Podimata, EUFORES Vice-President, MEP and Vice-President of the European Parliament.
The main outcomes of the parliamentary dinner debate reflected different concerns of the institutions present.The private sector sees frequent changes in regulatory frameworks as the main obstacle in handling long-term projects. Once the projects are finalised, it is very difficult for project developers to re-count the project parameters. Also Bloomberg New Energy Finance has identified the political risk as the highest one in project development. KfW, a German financial institution, explained how leverages work. It involves private capital in its loans with very limited public, what makes the loan very attractive. Participants made a plea to the European Commission to set a clear vision for renewable energy and energy efficiency in Europe´s energy future.
Please see the programme here.