Joint proposals from the European Commission (EC) and the European Investment Bank (EIB) are intended to boost private investment for schemes that contribute to the reduction of energy and conserving natural assets.
The Private Finance for Energy Efficiency (PF4EE) plans to increase the amount that local banks in many of the member state countries lend to energy efficiency, by supporting national project plans.
In order to make this happen, some measures have been taken, including providing credit risk protection and long-term low-cost loans to financial intermediaries, in addition to improving the expertise in lending in the sector. The EIB and the EC have said to make €80 million available for these measures.
For further information see: Private Finance for Energy Efficiency (FP4EE)