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A New Financial Hub Supports Green Cities In The EU

by THEFUTURE.TEAM

650 billion euros. That’s how much it will take for the 112 cities in the European Union that aim to switch to green energy and eliminate harmful emissions by 2030. To help raise these funds, the European Union is creating a financial hub that targets private capital.

KEY FACTS 

  • The Climate City Capital Hub is an international financial resource to further support cities, part of the EU’s mission for climate-neutral and smart cities by 2030.
  • The new hub will give these cities access to cooperation with the European Investment Bank, and help structure financing needs, including pooling projects and presenting them to lenders and investors from the public and private sectors. In addition, this hub is intended to support the process of finalizing deals.
  • The facility will use guarantees from national governments to attract private finance and bring together small projects that would normally find it difficult to access finance individually. Projects may include energy investment plans, efficient buildings, district heating systems, renewable energy, sustainable mobility, urban renewal and regeneration, water and social infrastructure.
  • Public and private financing can take many forms, including the creation of local investment funds or the issuance of bonds to finance specific projects. Private investors have already shown interest.

KEY STORY 

After 377 cities applied to participate in the program, 100 were selected from the bloc and 12 from the associated countries, which are developing a climate plan with the support of the EU and the non-profit consulting firm Bankers Without Borders. This plan then becomes an investment plan, which is evaluated by the European Commission and independent experts before the city receives a label to confirm this fact. Among those chosen to participate in the program were Sofia and Gabrovo. 

So far, 33 cities have signed their plans, including Lyon, Seville, Malmö, Lisbon and Florence, with more cities expected to be approved in October. 10 cities were announced in October 2023, and another 23 in March this year. Among them are cities in Denmark, Germany, Spain, Austria, Romania, Sweden, Greece, Belgium, Hungary, Portugal, Italy, France, Cyprus and Turkey.

The label is an important stage in the work of cities engaged in processes such as digitalization and carbon neutrality. Of the 33 investment plans presented so far, approximately €114.1 billion have been budgeted for climate action – an average of €3.6 billion per city. The Commission is currently considering another 23 candidates.

bbf: Presents :eden coast — The Art Of Living By The Mediterranean

by News Editor

Some destinations are remembered for where they are. Others for how they make us feel.

Life by the Mediterranean has a quality of its own. Defined by light, open horizons and a slower pace, it encourages a way of living where time is measured less by the clock and more by the moments that matter. It is this philosophy that inspired :eden coast.

With the unveiling of :eden coast, bbf: introduces an exceptional collection of beachfront villas in Geroskipou, Paphos, where architecture is conceived as a natural extension of its surroundings. Every residence has been designed to honour the coastline, allowing the sea, the light and the changing seasons to become the defining elements of everyday life.

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At :eden coast, luxury reveals itself with quiet confidence so nothing feels excessive. It is expressed in generous space, carefully composed proportions, enduring materials and an effortless relationship between interior and exterior. Expansive glazing welcomes the Mediterranean sky indoors, while private gardens, terraces and pools encourage a life lived as much outside as within.

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Few locations offer such a natural balance between tranquillity and connectivity. Set along a quieter stretch of Paphos’ coastline, :eden coast enjoys the rare privilege of beachfront living away from the crowds, where the landscape remains unspoilt and the rhythm of the Mediterranean shapes every day. Yet the cultural richness of Paphos, its vibrant dining scene, international airport and every modern convenience are all within easy reach, allowing residents to retreat into complete serenity without ever feeling removed from the world around them.

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Beyond the residences, a carefully curated collection of wellness and leisure experiences extends this philosophy. Landscaped gardens, elegant swimming pools, spaces dedicated to movement and wellbeing, and thoughtfully designed communal areas encourage a slower, richer way of living. They are not amenities in the conventional sense; they are an expression of a lifestyle shaped by balance, privacy and quiet sophistication.

“Our ambition was never simply to create beautiful residences. It was to create a place where architecture, landscape and everyday life exist in complete harmony—a place that feels as though it has always belonged to the coastline,”

says Artem Burtsev at bbf:.

In a world that rarely slows down, :eden coast offers something increasingly rare: the freedom to live at a different pace. Here, mornings begin with the sea, nature sets the rhythm of the day, and the energy of Paphos is always within easy reach. It is a place where tranquillity and connectivity exist in perfect balance, allowing residents to experience the Mediterranean not as a destination, but as a way of life.

For more information:
edencoast.cy
+357 26 962 365

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