The overarching objective of the RoundBaltic project is to support the implementation of the Smart Finance for Smart Buildings (SFSB) initiative in the Baltic Sea Region, notably the project’s direct target countries Poland, Latvia and Denmark.
The three pillars of Smart Finance for Smart Buildings concern:
The RoundBaltic intervention can help to smooth this process and represents a way to find structured solutions for accelerating energy efficiency investments in Poland, Latvia and Denmark. This will happen in interaction with related policy initiatives such as the Green Deal, the Energy Union Governance and associated National Energy and Climate Plans, public funding programmes and EU’s SEI Forums that aim to bridge the energy efficiency and financial sector on broad European scale.
The RoundBaltic project follows a cyclic approach as illustrated in the diagram due to the overall objective of creating a framework and a momentum for energy efficiency investments in the direct target countries Poland, Latvia and Denmark.
RoundBaltic brings together representatives of the financial and energy efficiency sectors at roundtables to discuss and find solutions to the challenge of energy efficiency finance. Key focus areas are how to ensure an investment friendly framework along designing of financing instruments in accordance with the EU financial pillars more effective use of public funds, aggregation and project development assistance and derisking.
In dialogue with the stakeholders the intention is to foster ideas and recommendations for specific actions to bring investment momentum. The implementation of these actions will go along efforts to improve the investment framework, adopting tools for market development and learning of the performed
activities for future actions.