English
Graphic

D for DIVEST and REINVEST: Putting energy money where it should be

Investment practices should deliver greater public benefits and ensure we reach the global climate objectives. By funding local energy transition projects rather than fossil fuel infrastructure, investments can strengthen local resilience and wealth creation. The financial decisions of public authorities, civil society and the financial sector can make the difference.

Get the facts


Long before the “divest” movement came in the limelight, local authorities were busy engineering new models for local business growth and economic strategies to prevent capital outflows and reinject money within the local economy. Some cities went as far as to create their own local currencies while others launched revolving funds or green loan schemes to foster investment in sustainable energy projects.
The divest movement relies on a two-step approach :

  • withdrawing investments from all fissile and fossil assets
  • reinvesting the capital locally to create virtuous economic loops
Follow the lead

Contrary to what is observed with external developers, anchoring energy projects locally has numerous advantages : loans contracted with local banks, local procurement of goods and services and more investment options provided to local players, cooperatives and municipal authorities, who then reinject profits into the local economy.
Energy Cities’ members have their own bold divest-reinvest agenda, taking wide-ranging initiatives such as :

  • Reforming their investment portfolios, fiscal levies and spending policies
  • Setting up financial structures dedicated to the energy transition
  • Channelling spending towards the local economy by means of a dedicated currency
  • Withdrawing all their investments from fossil fuel assets as part of climate neutral, 100% renewable or fossil fuel free strategies
  • Collecting public savings to invest them in sustainable community-led projects
Add your story

Energy divest-reinvestment across cities

Unfortunately, unfavourable national and European policies still stand in the way of cities’ progressive strategies. State aid rules and Eurostat criteria for public debt, to name just a few, still hamper crucial local investments while the EU itself continues to support carbon-intensive industries and large-scale energy infrastructure projects.

Energy divest-reinvestment and EU legislation

©photo : fotolia

Members
Carte des membres
BIENVENUE AUX NOUVEAUX MEMBRES :
Vilvoorde Belgium | Wien Austria | Krizevci Croatia | Sustainable City Network (GR) Greece | CEDEF-Central European Development Forum (RS) Serbia
Opinions
Opinions
Evénements à venir
Covenant Webinar : Integrated home renovation services : How to set them up and get the EU funding support on top ?
Jeudi 25 avril 11:00-12:00

Euroheat & Power Congress 2019
Du 6 au 8 mai

National Conference & Policy Meeting for Energy Efficiency in Public Buildings
Jeudi 9 mai

IUC webinar - From a linear to a circular economy - How to start ?
Mardi 14 mai 09:30-11:00

Webinar - Heating and cooling planning at local level : step it up !
Mardi 14 mai 14:30-16:00

Tous les événements à venir >>
Line
Retrouvez Energy Cities sur
Line
-->
separator
Vous êtes ici : Energy Cities, Local authorities in energy transition. > English > About us > In a nutshell

A propos
En bref
Gouvernance
Les membres
L'équipe
Offre d'emploi
Stages
Contact
Politique de confidentialité
Positions
Adherer
Comment adhérer ?
Nous avons adhéré
Actions
Initiatives & Campagnes
Projets
Ateliers
Webinaires
Conférence Annuelle
Voyages d'étude
Ressources
Transition énergétique
Actions des villes
Publications
EC INFO magazine
Newsletter Energy Cities
Actu "Territoires en Transition"
BLOG
Medias
Communiqués
Articles
Outils de communication

 
Adresses Energy Cities - Besançon Energy Cities - Bruxelles