Following the successful “100 climate solutions projects campaign“, an AER/R20 partnership to show the public and private financial world that regions had green projects worthwhile investing into, the R20 is now offering regions training in better projects structuring. Financiers are not only looking for interesting projects, they also need the projects to be presented in a way that stick to their frames of analysis.

This is why the World Bank and a consortium of development banks has mandated the R20 to teach regions how to use SOURCE, a dedicated software, recognised by most public financial institutions in the field of project design that has been launched by the World bank, R20 and AER in April 2017 in Washington. SOURCE is a global, standard, reliable, secured and user-friendly project preparation software, designed to maximise public sector financing options – including PPPs – by providing well-prepared projects in a consistent and transparent way to the international community of contractors, investors and lenders.

AER and R20 will offer 3 training sessions to AER members.

The first training session, to occur at the beginning of 2018 in the AER office in Brussels (date to be communicated soon), will be open in priority to the AER member regions who have contributed to the “100 climate solutions projects campaign”.

The two other sessions will be open to all AER members.

In parallel to the project identification (100 climate solutions projects campaign) and the project structuring (SOURCE training), AER and the R20 are working towards their next objectives: project bankability and projects financing. Hard work  and good progress have been done over the past months. Announcements about where we have got to will be made by Magnus Berntsson in Bonn during the COP23 Summit of Local and Regional Leaders and communicated to AER members at that time. Stay tuned!

To know more about SOURCE: brochure

Illustration: picture in Geneva