The Paris Agreement goals require net‐zero CO₂ emissions by mid‐century. The European Commission in its recent proposal for climate and energy strategy for 2050 indicated the need for more intensified actions to substantially improve the energy performances of buildings. With the rate of new construction in Europe, the challenge is to increase both the pace and depth of building energy renovations. Several barriers inhibit the wide uptake of comprehensive energy renovations, including the inability or inertia to finance upfront costs of energy renovations. Despite various policies implemented to address some of these barriers, current investments in buildings remain at suboptimal levels. The paper reviews current financing practices for energy renovations and investigates some innovative instruments with a special focus on their applicability to residential buildings. In addition to “traditional” financial schemes such as subsidies, tax incentives, and loans, the paper assesses innovative financing schemes: On property tax and on‐bill financing, energy efficiency mortgages, and energy efficiency feed‐in tariffs. The paper also investigates the concept of one‐stop shops for building renovations and crowdfunding. The paper offers an assessment of the characteristics, benefits, and challenges of each analyzed financing instrument and provides policy recommendations for their successful implementation. In general, as financing instruments involve different stakeholders and due to complex nature of the sector, there is no single solution to accelerate energy renovation investment in buildings. The emerging financial models offer the potential to address the long‐standing barriers to investment in energy efficiency.This article is categorized under: Energy Efficiency > Economics and Policy Energy Efficiency > Climate and Environment Energy and Climate > Economics and Policy

Non-urbanized areas (NUAs) play an important role in reducing the effects of climate change by providing both carbon storage and sequestration. Urban areas are responsible for the emission of 60% of global greenhouse gas, 50% of which are produced by buildings. During the past decades, increasing urban growth and sprawl processes produced several urban layouts characterized by different morphological features and a common lack of sustainable energy and environmental solutions. Investigating the relationship between urban morphology, energy demand and carbon emission/sequestration represents a relevant topic for urban planning practices implemented to face urban climate change effects. This study proposes a method for a transformability assessment aimed at investigating the transformation suitability of different urban morphology types. The case study is the metropolitan area of Catania (Italy), characterized by an impressive urban growth since the 1960s. The proposed method identification of limits and options for increasing sustainability of urban areas considering the contribution of both NUAs and built-up areas. This approach allows to identify appropriate planning tools for new layouts of urban fabrics while increasing the objectivity of the decision process. In the framework of climate change mitigation and adaptation, the outcomes of this research may lead to innovative urban planning practices.

The frequency and intensity of extreme climate events are increasing all around the world, due to climate change. Climate adaptation strategies are therefore needed, since mitigation strategies alone are not sufficient to avoid serious impacts of climate change. However, adaptation to climate change is not straightforward, as it is highly influenced by diverse and conflicting interests as well as epistemological (or scientific) uncertainties. Therefore, a minimum requirement for its success is the active participation of stakeholders and citizens in the adaptation policy cycle. This paper presents a case study on a participatory process involving civil servants from different municipalities in Malaysia, in Southeast Asia, with a view to considering the optimal level of engagement that is required for climate adaptation planning. The exercise consisted of a Focus Group session, where participants were asked to discuss the level of stakeholder and citizen participation that should be adopted within the Global Covenant of Mayors for Climate and Energy initiative. Contrary to authors' expectations, the participants tended to suggest medium to high levels of participation in the planning process. During the dialogues, a walking activity through the city, aimed at identifying hotspots of climate risks and defined as “safety walks”, was one of the ideas proposed as a high-potential participatory method, spreading in the adaptation framework. Safety walks could complement climate modelling and enhance the robustness of climate risk assessments.