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CITIES'ACTIONS

Riga, Latvia
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2017 | Case study
Avalaible in
Financing the energy renovation of residential buildings through soft loans and thirs-party investment schemes
Riga, Latvia
727 800 inhabitants
Energy efficient refurbishment - Incentives for local stakeholders and citizens - Information, education - Innovative financing and citizens initiatives - Local energy agency

At the local level, the city of Riga approved the Riga Development Plan 2030 which includes energy and climate related measures in the housing sector. It selected the most relevant tool and proposed setting up a revolving fund and offering low interest and long-term loans to homeowners and non-profit organisations via ESCOs and tenant cooperatives. The loans are gradually repaid and flow back to the fund.

The Infinite Solutions project is co-financed by the European Commission under the IEE Programme.

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