PROSPECT is a European H2020 training program for cities and regions in innovative financing instruments for the execution of energy efficiency and sustainability plans.
After the success of the first PROSPECT edition, in 2020, the second, PROSPECT +, has started with the same goal: to improve the capacities of European regional and local authorities to finance and implement their energy sustainability action plans with mechanisms of innovative financing.
Valladolid, partner and mentor
Valladolid participates in the project as a partner and mentor city focused on building a "Low Carbon Resilient Climate Future: Safe, Clean and Efficient Energy", an objective aligned with Horizon 2020. The Agency for Innovation and Economic Development, which depends on the Department of of Innovation and Economic Development of the Valladolid City Council, leads this project in the field of Mobility and Urban Space, contributing the experience of the city in the execution and financing of sustainable mobility initiatives. Their participation in the project consists of mentoring other European cities and regions to help them implement their Climate and Sustainable Energy Action Plans. It is part of the group of mentors along with three other Agencies from European countries.
Five areas
The learning focuses on sharing innovative financing systems for five key areas with five learning modules: (link is external): public buildings, private buildings, lighting, transport and cross-cutting aspects. Special emphasis is placed on improving decision-making and evaluation when selecting financeable projects. Each learning program lasts approximately 6 months with 5 online meetings and one face-to-face as long as circumstances allow travel.
Objective: reach 200 cities and regions in the EU
PROSPECT+ intends that more than 200 cities and regions of the European Union located in at least 20 of its Member States improve their capacities when it comes to financing and implementing their Action Plans for Climate and Sustainable Energy (PACES) and others similar, so that they accelerate their pace to achieve their climate and energy goals.
Experts from local and regional entities share their experience through mentoring tutorials, in teamwork that allows participants to identify new financing mechanisms to overcome financial challenges and barriers involved in applying their energy plans and climate action (PACES). In addition, the project contemplates a "Community of Practice" to promote the exchange of best practices and participation in debates on the obstacles faced by local authorities when undertaking optimal investments in sustainable energy and low-cost mobility on time emissions.
Applicant Guide
The applicant's guide, available on this page and on the Prospect website, details other aspects related to the application process such as eligibility requirements, selection criteria and association or concordance, participation modalities for mentors and mentees as well as the involvement or the level of commitment anticipated.
Key facts
A learning program
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