Overview
This handbook offers and insight of the inner workings of the innovative mechanisms “Citizen Finance” and attempts to serve as a practical guidance for local and regional stakeholders. Citizen Finance is not a standardized mechanism for funding climate action projects and initiatives, rather it could be seen in terms of a practice. However, there have been several examples where citizen finance has been used for adequately funding Sustainable Energy and Climate Action projects. In broad terms, Citizen Finance is a form of financing instruments where citizens pool their financial resources to fund initiatives that create common goods. The two most common and relatively advanced forms of Citizen Finance are: (1) Crowdfunding and (2) Financing through cooperatives. These two forms of Citizen Finance will be the focus of this module. The module also provides step-by-step guidelines on how projects can be financed and what can be learned from the best practices and case studies in the European Union.
Module objective
Mentees: