Enhancing the use of Crowdfunding to finance environmentally sustainable projects
The development of projects aiming at reducing the impact on our environment, like renewable energy or pollution reduction projects, can be supported by new forms of finance and a stronger involvement of citizens. By its nature, Crowdfunding can bring a crucial added-value for an increased participation of citizens as investors and as consumers.
ECN is engaged in EU projects that will:
- enhance the understanding of opportunities and obstacles for crowdfunding in this area and at European level,
- involve wider communities of users,
- set-up new guidelines, tools and platforms.
The aim for the European Crowdfunding Community is to establish crowdfunding as an attractive and recognised tool to finance environmentally sustainable projects and to involve citizens, and position Europe as a leader in crowdfunding for environmental sustainability and renewable energy.
CrowdFundRES objective is to unleash the potential of crowdfunding for financing renewable energy projects in Europe. Project results will provide a better understanding of the perception and challenges faced by crowdfunding for renewable energy projects, as well as guidelines and promotion activities targeting renewable energy actors. ECN will ensure the dialogue with renewable energy crowdfunding platforms and with European stakeholders in this area.
Citizenergy aims at creating a European crowdfunding platform for renewable energy that will respond to the variety of needs of both renewable energy source (RES) promoters and potential citizen investors. ECN coordinates the framework analysis, comprising aspects such as legal requirements, citizen requirements, RES projects business models and RES promoters’ requirements. ECN will also lead activities to engage citizens in RES projects and to ensure the sustainability of the crowdfunding platform.