On April 16th and 17th, the Lower Saxon Ministry for Federal and European Affairs and Regional Development based in Hanover hosted the Kick-off Meeting of GreenGov (GREEN finance and Do No Significant Harm principle implementation for a better regional GOVernance), an Interreg Europe funded project led by the Ile-de-France Region aimed at helping European Regions and local authorities implement the EU taxonomy in their public policies and improve the governance of their financing schemes 

At the meeting were present delegations from each of the 8 territorial partners: Ile-de-France Region (France), Lisbon Metropolitan Area (Portugal), Lombardy Region (Italy), Regional Development Agency South-West Oltenia (Romania), Lower Saxon Ministry for Federal and European Affairs and Regional Development (Germany), Brussels-Capital Region (Belgium), North-West Regional Development Agency (Romania), South Moravian Agency for Public Innovation JINAG Association (Czech Republic).

In the context of the project, Poliedra holds the role of Advisory Partner and Communication manager. In Hanover the partners started collecting perspectives and experiences on the project topics by working in groups facilitated by members of the Poliedra team. Do No Significant Harm principleclimate proofing of infrastructuresenergy efficiency and climate adaptation were the primary focus of the discussion on how to design a common and robust process to adapt regional and local strategies to the EU Taxonomy framework. A challenging goal that the partners plan to reach through the exchange of good practices and the creation of guidance to support capacity building and awareness raising on green finance mechanisms.

The project immediate next steps will include the submission of a survey on the “State of play of green finance” to the partners and some of their stakeholders, to gather as much data as possible from where to begin to work in autumn, when the partnership will gather again this time in Craiova (Southwest Oltenia, Romania). In the following phases of the project, the partners will also put their guidance into practice to explore green budgeting, using the tools of budgetary policymaking to help redirect their investments towards sustainable priorities, develop regional green bonds frameworks and other innovative financial instruments to achieve environmental goals.