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Who we are. EIT Climate-KIC is Europe''s leading climate innovation agency and
We are a global community of climate-minded people working together to help
EIT Climate-KIC has more than 150+ global members spanning universities,
We engage in diverse but complementary work, that has both a sense of the whole
1. Background. Climate-KIC Holding B.V. and its affiliates ("Climate-KIC") is
In light of the crisis in Ukraine, the city of Vienna has accelerated its energy transition to become climate neutral by 2040. In 2021, the capital of Austria published its Climate Roadmap which quantifies the work it must accomplish to decarbonise its business sectors. Vienna is deploying renewable energies, renovating its heating system and mobilising civic participation in order to reduce and stabilise its carbon footprint at 60million tonnes of CO2 equivalent. To this end, it will be allocating a substantial budget of 1.29billion Euros by 2027. Until then, the capital is pooling knowledge and learning from best practices throughout Europe.
The city proposed a budget of 1.29billion Euros to develop renewable energy and solar energy and to renovate its heating system. This will make it possible to decarbonise its housing stock and decrease its overall CO2 emissions by 1.9million tonnes.
Vienna will meet its energy needs with heat pumps, waste incineration, geothermal energy and green gas to cover peak demand. The capital is running a series of tests. The first test, which is currently under way, aims to increase hydrogen production in a co-production plant.
In 2040, the city hopes to meet 56% of heat demand using geothermal energy. Field surveys are ongoing. A large-scale heat pump will also cover 55% of district urban heating. The pump will be installed in the water treatment plant before 2040. Additionally, Vienna has created a grant to encourage the development of heat pumps.
The department for energy planning has built citizen initiatives into its strategy. In order to support the energy transition and civic participation, the city has launched the RenoBooster project, as a follow-up to the ''Smarter Together'' project (2016–2021), which was funded by the European Commission. The city has many old and complex buildings that will require costly renovations. With this project, the city has provided a central access point for property owners to find free advice and tools when planning renovations.
In the Simmering neighbourhood, this project has also encouraged local inhabitants to take part in the energy transition through over 40renovation and electric vehicle sharing projects. Another project, ''WieNeu+'', aims to foster innovation in local urban neighbourhoods to make Vienna a smart and adapted city before 2030. This project is based on the ''Smart City Wien'' strategy and the city''s 2030 Economy and Innovation programme.
In autumn2017, 6,000 local inhabitants took part in the ''Beat the Street'' mobility game, and others borrowed a public bicycle and/or e-cargo bike for free. Vienna was a pilot city for the project and stands out for its integrated approach to climate action and its measures to improve its citizens'' quality of life!
Sources: The city''sOfficial website; the page of the ''Smart City Wien'' strategy and the ''WieNeu+'' project; Project page of the European Commission for the RenoBooster project; Article by the DecarbCityPipes2050 European project; Website of the DecarbCitiesproject; Article describing Energy Cities best practices.
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The European Investment Bank (EIB) and the City of Vienna are seeking to deepen their partnership to combat climate change. They signed a "Joint Declaration on Climate Partnership" in Vienna, under which future City of Vienna projects concerning housing, energy, waste and transport will be subject to advance analysis for possible EU climate bank financing, taking their climate action contribution into account. This is the EU climate bank''s first partnership with a large EU city. Last autumn, the EIB decided to align all financing activities with the goals of the Paris climate agreement. The EU bank plays a crucial role in the "Green Deal" presented by the new European Commission President Ursula von der Leyen.
The EIB and the City of Vienna have already implemented several climate action projects, totalling over EUR 1bn, most of which were related to energy efficiency measures in municipal housing. The City has been pursuing an active climate action policy for over two decades with its "KLiP" climate action programme.
EIB Vice-President responsible for energy policy Andrew McDowell made the following comment on the signing: "The EIB – the EU climate bank – intends to redouble its efforts to combat climate change. Over the next ten years, we plan to kick-start climate action projects worth EUR 1tn. We will also bring all of the Bank''s financing activities into line with the Paris climate agreement by the end of 2020. Against this backdrop, I very much welcome this first climate partnership with the City of Vienna, indeed with any city in the EU, as it is only by working closely with ambitious partners that we can overcome the huge challenge of climate change. This partnership is also a signal for other cities in Europe."
Vienna Councillor for Finance Peter Hanke sees the partnership with the EIB as a key element of the City''s manifold efforts to expand climate action: "In Vienna, we have set ourselves ambitious climate action objectives. We have also fully focused the City''s finances on climate action with the introduction of the Vienna climate budget and the Klima-Milliarde ("climate billion") in the 2020 budget. This partnership with the European Investment Bank will enable us to implement further major climate action and adaptation projects in the future," he said during the signing ceremony at Vienna City Hall.
Many important investment projects have already been implemented with EIB financing. These include the "Energy optimisation sludge treatment" project for Vienna''s main wastewater treatment plant as well as comprehensive thermal renovation of municipal housing with Wiener Wohnen. In the future, the City of Vienna and the EIB will concentrate on the most climate-relevant areas such as housing, energy, waste management and transport.
The City of Vienna has been implementing ambitious climate action initiatives since 1999, already managing to cut per capita greenhouse gas emissions in the city by a total of 34% between 1990 and 2018. The new "Smart City Vienna" framework strategy has set the city further ambitious climate goals for the future. Local per capita greenhouse gas emissions are expected to fall by 50% by 2030 and 85% by 2050.
In 2018, Vienna joined the Covenant of Mayors for Climate and Energy, an EU initiative set up by the European Commission. It aims to go further than the EU''s energy policy targets related to reducing carbon dioxide emissions by 40% by 2030. Nearly 8 000 authorities have joined so far, including the metropolitan areas of Paris, London and Berlin. These cities share the vision of cutting carbon emissions (decarbonisation) and ensuring residents have access to safe, sustainable and affordable energy.
At the International Conference on Climate Action – ICCA 2019 – in Heidelberg, Germany, the Global Covenant of Mayors for Climate and Energy and the EIB have announced the 20 shortlisted cities of the Global Climate City Challenge.
The Global Climate City Challenge launched in San Francisco today will address key technical and financing barriers to strengthen investment in green projects and programmes essential to improve resilience to a changing climate in cities home to millions of people.
The City Climate Finance Gap Fund (the Gap Fund) has approved technical assistance for 33 cities since its operational launch in September 2020, filling a critical gap in technical assistance funding to help cities turn their climate ambitions into finance-ready projects.
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