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One billion green loans for local communities

Banque des Territoires launches a new envelope of green loans of one billion euros over five years. The practice is common: the Banque des Territoires participates in national programs with a loan offer branded as a financing bar accompanied by support for engineering work. Today it is the green fund’s turn. From 2023 green loans and 200 million euros for technology will be added to the two billion euros announced by the state.

But the timing of zero-rate green growth loans for rehabilitation (1.3 billion euros in 2017) is no longer relevant. “The offer is divided into three segments: the BEI fixed-rate offer for 15 to 25 years, the Livret A + 0.60 pasbook offer, which is currently particularly successful, and the SFIL offer for 25 years and above, aimed at investments that require a long time. amortization periods” explains Gilles Vauquelin, director of energy and ecological transition at the Banque des Territoires in charge of the recovery plan. Based on well-known products such as the Amber loan or the green stimulus loan, the Banque de Territoires announces a new offer for adaptation to climate change and earth sobriety.

Eligibility criteria

The offer of green loans comes with eligibility criteria. “This is the case for the Amber loan, for example. We ask society to reduce energy consumption by 30%. The loan for water networks must be accompanied by a multi-year investment plan” illustrates Gilles Vauquelin, who qualifies, in the current development trend throughout the banking sector, the effect of the CDC loan offer. In 2021, the CDC announced an envelope of one billion euros earmarked for ecological transition. “I have the feeling , that these envelopes of green loans are not optimized. Local authorities are not always equipped to forward information from technical services to their finance department. They do not always differentiate their financing requests in relation to the investments” considers Antoine Le Niniven, consultant senior manager of Finance Active .And to add: “the engineer’s contribution could have a role to play”.

Will the communities be there? Will the grants announced by the state in its green plan enable local authorities to use part of their own funds to stimulate a strong wave of investment? Currently, they are looking at their original budget and local authorities are assessing the impact of inflation on the development of their operating expenses. Without talking about a wave of new investments, the communities that are already highly sensitive to the ecological transition will be able to decide to settle their investments. It remains to be seen how societies will plan for the future in this period of great uncertainty.

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