4 years of peer learning later: a summary of the PROSPECT Project

Helping cities learn from each other

Collaboration and knowledge sharing among cities are essential for the sustainable urban development worldwide. With this idea in mind, the PROSPECT project was created: a peer-learning programme in which regional and local authorities learn with and from each other how to finance and implement their sustainable energy and climate action plans using innovative schemes.

Filling the knowledge gap on innovative financing

Through this project, dozens of European cities learned more about how to find innovative sources of funding for their sustainable energy projects. Innovative financing schemes refer 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. Do you want to learn more? All the materials area available online!

You can continue to learn online from the project library!

At the end of the project, the PROSPECT website and insights stemming from the learning programme serve as valuable resources. Not only is the online library packed with freely available content regarding innovative financing schemes, but the project itself and its summary serve as a good case practice on how to create, implement and evaluate a replicable peer-to-peer learning programme for cities. 

Read all about it in the full project summary below.