LIFE is the EU’s funding programme dedicated to the environment and climate action.
The topic aims to increase the amount of private finance allocated to energy efficiency and small-scale renewable energy sources.
The topic aims to increase the amount of private finance allocated to energy efficiency and small-scale renewable energy sources by establishing innovative financing schemes for investments in sustainable energy and/or engaging with financial institutions to develop financial products and adapt their investment practices.
Significant investments in energy efficiency and small-scale renewables need to be mobilised to achieve the ambition set by the European Green Deal and the objective to reduce EU dependence on fossil fuels imports set out in the REPowerEU Plan. The only way to deliver the necessary level of investments is to progressively maximise the mobilisation of private capital, using public funds as a catalyst and an enabling regulatory framework. This has been at the heart of the works of the Energy Efficiency Financial Institutions Group (EEFIG) and will remain a central objective of the upcoming High-Level European Energy Efficiency Financing Coalition. In addition, the Energy Efficiency Directive as proposed for revision provides that Member States facilitate the implementation of innovative financing schemes for energy efficiency and promote energy efficiency financial products. Moreover, National Energy and Climate Plans provide a solid framework for Member States to evaluate and report on investment needs and gaps to achieve their 2030 national energy and climate targets, including regarding the mobilisation of private investments.
Proposals should clearly focus on tailored, market-oriented solutions to crowd in private finance at scale for sustainable energy investments, understood as investments in energy efficiency and/or small-scale renewable energy sources and storage. Proposals are expected to focus on one of the two scopes below. The scope addressed should be specified in the introduction of the proposal.
Scope A: Innovative financing schemes
Scope B: Mainstreaming sustainable energy finance
For detailed breakdown of activities eligible for funding by scope, please read the call document.
In order to be eligible, the applicants (beneficiaries and affiliated entities) must be legal entities (public or private bodies) and be established in one of the eligible countries, i.e.:
Proposals must be submitted by at least 3 applicants (beneficiaries; not affiliated entities) from 3 different eligible countries.
The Commission considers that proposals requesting a contribution from the EU of up to EUR 1.5 million would allow the specific objectives to be addressed appropriately. Nonetheless, this does not preclude submission and selection of proposals requesting other amounts.