Funding the Household Renewable Energy Transition in Europe

This report was produced by KBRA, a member of IPFA. 

Russia’s invasion of Ukraine and the commodity prices fallout have once again highlighted Europe’s dependence on Russian energy supplies and the general topic of energy security. A major uncertainty from this conflict is its implications for global carbon transition plans. The crisis has the potential to slow the transition in some areas, with decelerating climate financing and international investment if countries ramp up internal fossil fuel production or transition reliance to other oil and gas producers. Conversely, the conflict could also speed up energy transition efforts as countries look to diversify their energy supply away from fossil fuels due to fuel price spikes while decreasing dependency on Russia through strengthening green infrastructure. One necessary area of focus is the opportunity for households and small businesses to participate in the transition.

In this report, KBRA UK Limited (KBRA) examines the opportunities—and financing obstacles— presented by solar compared to other renewable technologies. The European Green Deal includes a European Union (EU) directive that stipulates all member countries make community energy not only possible but also profitable.