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Funding

By exploring funding sources and leveraging partnerships, parish and town councils can secure the financial resources needed to tackle climate change effectively and implement sustainable initiatives within their communities.

Parish and town councils can pursue various avenues to secure funding for climate change initiatives. Here are some strategies they can consider:

  • Community-owned projects — Create community-owned projects where the community owns the project instead of relying on a business. This can foster a sense of ownership and engagement among residents while supporting local sustainability efforts.
  • Crowdfunding platforms — Use crowdfunding platforms such as Abundance Investment and Funding Circle to raise funds from community members and supporters for climate change projects. Crowdfunding enables grassroots financing and empowers communities to take direct action.
  • Governmental funding programs — Seek funding from governmental programs dedicated to climate change mitigation and adaptation. Government agencies at various levels may offer grants, subsidies, or financing options for renewable energy projects, energy efficiency upgrades, and environmental initiatives.
  • Banking arrangements — Explore banking arrangements to secure financing for climate change projects. This could involve loans, lines of credit, or other financial instruments provided by banks or financial institutions to support renewable energy installations, green infrastructure, or sustainability initiatives.
  • Asset finance for renewables — Consider asset finance options tailored to renewable energy projects. Asset finance enables purchasing or leasing renewable energy equipment, such as solar panels or wind turbines, with flexible repayment terms and structures.
  • Power purchase agreements — Investigate power purchase agreements (PPAs). PPAs involve working with a company that installs renewable energy systems for free, allowing you to purchase the electricity generated at a lower price and potentially buy back the installation in the future.

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