Sustainable Energy Investing and Financing Activation (SEIFA)
Sustainability and the transition to a low-carbon, more resource-efficient, and circular economy are key in ensuring the long-term competitiveness of the EU economy. The industry represents the most energy-intensive sector: steel, cement, and manufacturing productions account for 21% of human emission – one and a half times as much as all the world’s cars, trucks, ships, and planes combined. To reduce emissions, the industrial sector will need to displace fossil fuel-based energy inputs with low-to-zero emissions, along with improved heat integration and energy efficiency.
Current levels of investment are not sufficient to support an environmentally and socially sustainable economic system. According to the Impact Assessment for the amendment of the Energy Efficiency Directive, in order to reach the EU’s 2030 climate and energy target, about €379 billion of investments are needed annually: mostly in energy efficiency, renewable energy sources, and infrastructure.
Reorienting private capital to more sustainable investments requires a comprehensive shift in how the financial system works. Surveys suggest that companies and investors attention for investable climate mitigation projects is rising; they are increasingly searching for investments that take into account environmental and social considerations.
On the 28th of October, SEIFA partners already launched the regional/national aggregators for investable industrial projects in the CEE region, including Bulgaria, Croatia, Czech Republic, Estonia, Germany, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, and Slovenia. Project aggregators (deal originators) will create large and standardised pipelines of investable sustainable energy industrial projects.
SEIFA presents sustainable energy investing as an economic opportunity. The project will help open up new employment and investment opportunities laying the pathway for economic growth. Greater advisory and technical assistance will contribute to a larger pipeline of sustainable energy projects. The developed platform with sophisticated digital tools will provide detailed sustainability and greenhouse gas emissions assessments, value creation roadmaps, performance monitoring, and sustainability reporting.
SEIFA will boost the transition to a low-carbon and resource-efficient industry. Within the project duration, it will trigger at least 200 GWh/year of primary energy savings generating a 200.000 tCO2-eq/year reduction of greenhouse gas emissions and no less than 2500 GWh/year with at least 2.500.000 tCO2-eq/year emission reduction within 5 years after the project’s 30 months period.
Learn more about the SEIFA project objectives and development.
Sustainable Energy Investing and Financing Activation (SEIFA) project was created in 2021 to invest 500M euros in sustainable energy facilities.
In December, the first Sustainable Energy Investing and Financing Activation (SEIFA) Advisory Board Meeting was held online, hosted by PEDAL Consulting as the project coordinator.
Investing in Europe's sustainable transition offers immense potential to capitalise on emerging opportunities and reap the benefits of a socially and environmentally conscious approach.
The EUSEW was truly exciting for the SEIFA team, as we had the opportunity to forge new collaborations with interesting stakeholders and discuss SEIFA's progress and impact.
Together with the SEIFA project partners, we established an extensive network of experienced and dedicated local experts to provide the highest quality services to our clients.
Due to the current European security situation, the necessity for energy security is evident more than ever. Urgent efforts are needed to replace fossil fuels.
Sustainability and the transition to a low-carbon, more resource-efficient, and circular economy are key in the long-term competitiveness of the EU economy.
Public investments alone are not sufficient to undertake this massive challenge and private investments will play a key role in the sustainable transition.
The SEIFA project’s main objective is to establish an Investment Fund that will invest with a focus on sustainable energy companies and industrial companies.