Abstract. We introduce a class of continuous maps f of a compact topological space I admitting inducing schemes and describe the tower constructions associated with them. We then establish a thermodynamic formalism, i.e., describe a class of real-valued potential functions ϕ on I, which admit a unique equilibrium measure µ ϕ minimizing the free energy for a certain class of invariant measures. We also describe ergodic properties of equilibrium measures including decay of correlation and the central limit theorem. Our results apply to certain maps of the interval with critical points and/or singularities (including some unimodal and multimodal maps) and to potential functions ϕ t = −t log |df | with t ∈ (t 0 , t 1 ) for some t 0 < 1 < t 1 . In the particular case of Sunimodal maps we show that one can choose t 0 < 0 and that the class of measures under consideration consists of all invariant Borel probability measures.