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EU Sustainability Grants and Funding – An introductory guide

The global scientific community agrees that climate change requires immediate and widespread action. It is vital that people all around the world unite and commit to a clean sustainable present if we hope to have much of a future. EU sustainability grants are being provided to help bring this idea to fruition around Europe.

The recent G20 summit saw near unanimous reaffirmation of international commitment to the Paris Climate Accord. In short, the world is doing its best to adopt more sustainable power and cut down on harmful emissions.

Recent years have already seen countries like China and India alter trajectory towards a solar-powered future. This is also essential on the macro level, where a country’s energy production becomes more sustainable and environmentally sound. These changes are vital. They are also difficult, expensive, and time-consuming. Additionally, it’s important to make changes on a smaller scale. Individual households and businesses can also make the change to renewable energy and environmentally sound practices faster and more easily than national energy suppliers.

The EU Sustainability Goals are a key target for the organisation, with many countries still committed to making the necessary changes.

As solar technology develops, it is likely that the cost of going green will drop significantly. However, time is very much of the essence, and many homeowners and companies may need extra funding to make their green energy ambitions a reality.

For such European residents and organisations, there are a number of EU sustainability grants and incentives available to fund such endeavours.

For companies and technology developers hoping to help advance the cause, Horizon 2020 might be willing to subsidise the project. Providing both grants and loans, Horizon 2020 aids those looking to improve energy efficiency, advance research into renewable energy, and move away from reliance on fossil fuels.

Similarly, Life+ Climate Action helps to finance projects which “help develop and demonstrate the most effective technologies, tools, and methodologies that can be taken to meet EU’s policy targets on climate change.”

For those who might not qualify for EU sustainability grants, the European Investment Bank is also looking to invest heavily in sustainable energy projects that can offer clean and sustainable energy sources that can compete on the green market.

Earlier this year, the French and German bank SaarLB joined forces with the EIB to provide €70 million in funding to renewable energy projects.

Smart street lights which only use power as needed could save an estimated €5 billion annually for the EU, while saving energy.

To aid the transition for public lighting and power, towns and cities can make the most of a fund designed to ease the costs involved. The European Energy Efficiency Fund exists to assist European communities in switching to green initiatives and help meet EU targets for climate and energy. Such projects include converting to more energy efficient forms of public lighting such as smart lights, which only activate as they are required.

There are also EU sustainability grants for European citizens looking to go green at home. In Ireland, SEAI, the Sustainable Energy Authority of Ireland, offers a number of grants for solar electricity or solar water heating systems. There are also grants available for insulating Irish homes, electric vehicles and providing more modern and efficient heating systems.

EU Sustainability Grants
Initiatives for solar power, both commercial and individual, are available from a range of sources.

French homeowners have long availed of incentives to go solar-powered. These incentives reportedly include an interest-free loan, a 50% tax credit, and the possibility of selling any surplus energy back to the government, tax-free.

The EU recognises that climate change is a problem which can only be overcome together. As such, it only makes sense to provide its member states with the resources and tools necessary to make the changes to our energy-production and our energy use. For more information on the best ways to save energy around the home, the EU provides a useful set of tips.

The world’s leaders agree that climate change calls for serious action. The world’s citizens need to make it our responsibility to answer the call.

Ronan Daly

Ronan Daly is a staff writer for My Good Planet who specialises in Technology and Science. With a Masters Degree in English, and over a decade's experience as a teacher and writer, Ronan has brought a breezy, learned style to My Good Planet, making occasionally complex material accessible and understandable to all.