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You are here: THE ISLE-PACT PROJECT > Objectives and Benefits
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| OBJECTIVES AND BENEFITS |
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The main objectives of the ISLE-PACT project are to:
- Achieve an overall objective of more than 20% CO2 emissions reduction by 2020;
- Demonstrate the political commitment of European islands to EU sustainable energy objectives by signing a binding declaration, the Pact of Islands, undertaking to put programmes, actions and investments in place to help achieve the overall objective of the project;
- Produce Islands Sustainable Energy Action Plans (ISEAPs) and a pipeline of priority bankable projects;
- Propose a number of financing tools and mechanisms that will provide the financial resources needed by investors to implement the bankable projects;
- Increase the level of awareness in islands' efforts to contribute in the fight against climate change.
Expected benefits
It is expected that the long term effects of the project would influence all European islands that are willing to adopt the methodologies, tools and mechanisms that will be developed during the life of this project.
- A steady improvement of local economic conditions in the participating island communities through enhanced economic development, and a positive contribution in new jobs creation in innovative and highly technical sectors, retention of local population and improved investment conditions;
- A tangible contribution in EU sustainable energy and climate change policy targets and objectives and more specifically the achievement of the target of 20% CO2 reduction by 2020;
- A steady increase in the levels of awareness of island communities of the societal value of sustainable energy plans, green investments with the participation of local citizens and the modalities of supporting and financing sustainable energy projects.
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