An ambitious investment plan is needed to accelerate emissions reductions in our city. How do we succeed in financing the breakthrough projects in the Leuven Climate City Contract? And how do we do this in such a way that not only those projects with an interesting financial return find the necessary funds, but also those with, above all, social added value? These are precisely the questions the Leuven transition fund aims to answer.
Wie zijn alle partners in het traject?
By strategically combining breakthrough projects, profitable projects can help cover the financial risks of projects without (immediate) financial returns. This gives you an investment portfolio that combines an acceptable market return with clear impact. If we want to shape the transition fund for Leuven in this way, we should at least have an answer to the following questions. They will guide the steps we take. We are working towards an initial fund to finance a selection of breakthrough projects from the Leuven Climate City Contract in order to demonstrate that the set-up works:
Leuven Climate City Contract -with investment plan - submitted
Mission Label awarded - financial plan garners praise
‘Financing the climate transition’ event engages financial players to work out transition fund
Fund brings investments to first set of breakthrough projects
Leuven Climate City Contract -with investment plan - submitted
Mission Label awarded - financial plan garners praise
‘Financing the climate transition’ event engages financial players to work out transition fund
Fund brings investments to first set of breakthrough projects
In order to gain a better insight into the investments required in Leuven, business cases for representative breakthrough projects were developed in the Leuven Climate City Contract with the help of financial experts. This shows that there are interesting business cases for certain breakthrough projects, for example projects in the field of energy, but that within the dominant financial logic this is less the case for others, such as depaving and mobility projects. For these projects, the return only becomes clear when we also express the positive social impact in monetary value and estimate the (often overlooked) cost of inaction. For a socially just transition, however, it is important that we finance all breakthrough projects. That is why this Leuven transition fund is so necessary.
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