Common crowdfunding framework sough to back EU's clean energy future

Stakeholders are calling for harmonising regulations on crowdfunding across the EU and making them simple in order to support the transition to a more sustainable energy mix.

Crowdfunding for renewable energy and energy efficiency projects and cooperative models can do much for the EU’s transition to cleaner energy and 2030 goals. They foster public involvement in and acceptance of sustainable energy. However, the absence of coherent regulatory frameworks for crowdfunding on the EU level and for individual member states is a major stumbling block, says a position paper by crowdfunding platforms and energy cooperatives, NGOs, universities and professional associations.

The European Commission has clarified that there would not be a common crowdfunding framework at the EU level in the near future. Member states could work together to align their individual regulatory frameworks. For now, some EU countries regulate crowdfunding. In others, however, the regulatory frameworks are unclear, complex or non-existent.

The position paper is available here. The list of signatory organisations includes Green Crowding, Boa Energia, the University of Santiago de Compostela and more.

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