Description
The Climate and Energy Fund is an Austrian Federal Government initiative, represented by the Federal Ministry for Climate Action, Environment, Energy, Mobility, Innovation, and Technology (BMK). The main objective of Climate and Energy Fund is to support the Austrian federal government on its path to climate neutrality by 2040.
level of support
National
type of funding
Grants, Loans
Funding amount
Offers varying amounts of funding depending on the specific program and type of project being supported
Eligibility criteria
Eligible applicants usually include: Local authorities (municipalities), Non-governmental organizations (NGOs), Public and private enterprises, Research institutions, Energy communities (in the case of energy-related projects), Individuals for certain initiatives like sustainable home, renovations or mobility projects.
Application Process and Timeline
The fund typically operates through annual or semi-annual calls for applications. Each call will have its own deadline, so it's important to keep track of when specific programs are open for submissions.
Evidence Of Success
Since its inception in 2007, the fund has committed €3.7 billion in support of Austria’s transition to a sustainable and energy-efficient future. Over this period, it has funded more than 440,000 projects that promote climate action and the development of renewable energy technologies.
Expert Opinion
This fund is a critical tool in Austria’s strategy to combat climate change, providing financial resources for a wide range of initiatives, from energy communities and renewable energy projects to sustainable mobility and environmental innovations. Through its focus on local and community-driven projects, the fund plays a pivotal role in fostering decentralized energy systems and enabling citizens and businesses to participate in the country’s energy transition.
