The aim of the JESSICA (Joint European Support for Sustainable Investment in City Areas) initiative by the European Commission and the European Investment Bank is to support “sustainable investment in cities” via financial engineering mechanism. Through the implementation of the initiative, Urban Development Funds are emerging as potentially powerful tools to pursue sustainable urban transformation. […]
Posts Tagged ‘JESSICA’
Urban Investment Funds For Sustainable Development: Examples from The Hague
Cities have to be more and more creative when it comes to financing their projects and programmes. With budget cuts on the rise and traditional subsidy schemes disappearing, they have to increasingly look for alternatives. URBACT Project CSI Europe investigates the potential role and added value of financial instruments such as urban investment funds. Ton […]