Title:
The Large Potential of Financing Bioenergy Projects through Structural and Cohesion Funds (SF Energy Invest)
Author(s):
Bissmann, M., Janssen, R., Acosta, C., Heinze, C., Jaspers, W.
Document(s):
Paper
Abstract:
Innovative bioenergy projects have proven positive environmental and social benefits for the rural and marginalised regions of Europe. Structural and Cohesion Funds (SCF) represent an increasing potential for financing bioenergy projects in less developed regions. Within the current SCF programming period (2007 – 2013), on average, 2.6% of the total SCF budget of 350 billion Euro accounts for Renewable Energy (RE) and Energy Efficiency (EE). This low percentage, however, represents the considerable amount of 9 billion Euro for EU 27. In the field of RE, the largest share, an amount of 1.8 billion Euro, has been dedicated to bioenergy, with focus on the New Member States. Despite the large budget volumes available, still there are several barriers and difficulties for SCF bioenergy projects to be overcome. Most prominent barriers are insufficient promotion of bioenergy aspects by SCF management authorities, difficulties in arranging project pre-financing and co-financing, high administrative burden and the lack of knowledge exchange and promotion of good practice projects. Within the SF Energy Invest project, 10 examples of successfully implemented sustainable energy projects have been identified and will be promoted within a stakeholder mobilization campaign in the target regions in Estonia, Slovakia, Czech Republic, Hungary, Bulgaria, Germany/Poland and UK.
Keywords:
biomass, financing, project development, promotion, socio-economic impact
Topic:
Biomass Policies, Markets and Sustainability
Subtopic:
Financing tools for bioenergy projects and international cooperation
Event:
19th European Biomass Conference and Exhibition
Session:
OC11.5
Pages:
2423 - 2426
ISBN-13:
978-88-89407-55-4
ISBN-10:
88-89407-55-7
Paper DOI:
10.5071/19thEUBCE2011-OC11.5
Price:
FREE
