PROSPECT aims to encourage the exchange of knowledge and experience on innovative financing schemes used to implement sustainable energy and climate plans, especially within the framework of the Covenant of Mayors.
By innovative financing schemes, PROSPECT refers to non-traditional ways of raising funds and facilitating sustainable energy and climate investments by mixing different sources (own fund, public and private funds) or engaging different partners (e.g. citizens, private sector) outside of established financial institutions (e.g. banks). These innovative financing schemes include energy performance contracting, third party financing, revolving funds, soft loans, green bonds, guarantee funds, and citizen finance, such as cooperatives and crowdfunding
PROSPECT offers three learning cycles starting respectively in spring 2018, autumn 2018 and spring 2019. The aim is to engage a maximum of 10 individual participants per module per cycle. As there are five modules, this translate to 50 participants per cycle or 150 participants for all modules in 3 years. The learning programme is carried out in English, free of charge, and travel costs for one person per city will be reimbursed. Participants with similar interests are matched so that they can learn with and from each other on how to apply innovative financing schemes through peer mentoring and study visits.
More information on how to get involved can be found here.