Français
Graphic

ENERGY CITIES' PROPOSALS FOR THE ENERGY TRANSITION OF CITIES AND TOWNS

3.1 Keep money spent on energy near to home
Rethink financing solutions

The problem at hand

Where can we find the resources for financing the territories’ energy transition? This issue is on all local authorities’ agendas in a context of drastic cuts in public spending. Facing ever increasing social emergencies, local authorities may feel tempted to let it go and wait for better days.

This would mean misunderstanding the relationship between the energy transition and the stimulation of territorial economies. In a city with 250,000 inhabitants, the annual energy bill for supplying heating, domestic hot water and electricity to house-holds, tertiary activities and SME amounts to roughly 250 million euros. It is a considerable, steadily increasing amount of money that generates a financial flow. Will this flow go to Qatar, Russia or major industrial groups? Or will this money stay “at home” in the territory? In what proportions? What for? And who cares about where it goes? To find a way out, local authorities must take a hard look at their territories.


Proposal

The energy balance of a territory should also include a financial transcription.

This would give the amount of money that is being annually spent on energy, how much is kept in the territory, and how much goes elsewhere. Medium to long-term targets must then be set to “capture” this financial flow and use it to finance energy retrofitting works, energy networks and local renewable energy use. Local medium, small and very small-sized companies would benefit from this capture.


Conditions for success


  • Changing the way that money spent  by households and economic activities  on energy is perceived: moving from  an expenditure “fatality” to a resource “opportunity”.

  • Going beyond CO2  emission and energy use-related approaches and integrating related “financial emissions”.

  • Stopping considering them as additional expenses instead of investments in the economy.

  • Giving visibility to the local economic benefits of energy transition actions.


Share

Cities and towns that show the way

separator
You are here: Energy Cities, Local authorities in energy transition. > English

About us
In a nutshell
Governance
Members
Team
Jobs
Internships
Come and meet us
EU Policy
Join
How to join
Why we joined
Actions
Initiatives & Campaigns
Projects
Workshops
Webinars
Annual Conferences
Study Tours
Resources
Energy transition: our proposals
Best practices from members
Publications
EC INFO Magazine
Newsletter
Blog
Media
Press releases
Articles
Communication tools

 
Addresses Energy Cities - Besançon Energy Cities - Bruxelles