Monday, 20th May 2024

INFIRE - INnovative FInancing solutions for climate planning of REsilient and carbon neutral living areas

The Mediterranean is at the forefront of the fight against climate change, requiring cities and regions to act quickly and cooperate to prevent further negative environmental, social, and economic implications. INFIRE addresses two key aspects of the slow transition towards climate neutrality and climate adaptation in the Euro-MED region: low capacities of public authorities for the development and integration of strategic planning documents and the inability to properly evaluate and mobilize public and private capital for large-scale investment projects needed for reaching EU’s 2030 targets.

INFIRE gathers experienced partners with highly complementary skills that cooperate to establish a long-lasting support structure to build capacities of public authorities in the involved regions for developing, implementing, and monitoring holistic climate adaptation and carbon neutrality (CACN) solutions and policy instruments. INFIRE provides jointly developed and practical solutions in form of:

· Green Finance Evaluation Toolkit for triggering financing of CACN projects and long-term strategies with innovative financing schemes

· Enhanced and aligned strategic planning documents and public financing programmes to support the transition to resilience and carbon neutrality

· Tailor-made curriculum and intensive capacity-building programme for public authorities of the Euro-MED region

· Citizens’ engagement through co-creation process and civic-crowdfunding models, promoting behavioral change

· Piloting 8 concrete and innovative CACN solutions for future replication and upscaling.

The originality of INFIRE project arises from a holistic bottom-up approach that addresses both the supply (public authorities as project developers) and demand side (financial institutions and citizens as investors) by understanding their drivers and shortcomings and bridging the gap through intensive cooperation with both sides and promotion of best available practices.

Total project budget: 2.765.933,00

Duration: 01/01/2024 – 31/09/2026

Lead Partner Organisation: REGION OF PELOPONNESE

Partners: REGION OF PELOPONNESE (EL) | Energy and Environment Agency of Arrábida (PT) | Regional Energy Agency of Pazardzhik (BG) | Sarajevo Economic Region Development Agency Bosnia and (BA) | AREA Science Park (IT) | North-West Croatia Regional Energy Agency (HR) | Dynamic Vision (EL) | Auvergne Rhône-Alpes Energy Environment Agency (FR) | Atmo Auvergne-Rhône-Alpes (FR) | City of Karlovac (HR)

 INFIRE - INnovative FInancing solutions for climate planning of REsilient and carbon neutral living areas