{"id":18282,"date":"2023-09-08T05:58:28","date_gmt":"2023-09-08T05:58:28","guid":{"rendered":"https:\/\/gbccroatia.org\/energy-efficiency-mortgages-aim-to-offer-consumers-better-lending-rates-when-they-invest-in-highly-energy-efficient-homes-pioneering-banks-prepare-to-pilot-energy-efficiency-mortgages-across-europe\/"},"modified":"2023-09-08T05:58:28","modified_gmt":"2023-09-08T05:58:28","slug":"energy-efficiency-mortgages-aim-to-offer-consumers-better-lending-rates-when-they-invest-in-highly-energy-efficient-homes-pioneering-banks-prepare-to-pilot-energy-efficiency-mortgages-across-europe","status":"publish","type":"post","link":"https:\/\/gbccroatia.org\/en\/energy-efficiency-mortgages-aim-to-offer-consumers-better-lending-rates-when-they-invest-in-highly-energy-efficient-homes-pioneering-banks-prepare-to-pilot-energy-efficiency-mortgages-across-europe\/","title":{"rendered":"Energy efficiency mortgages aim to offer consumers better lending rates when they invest in highly energy efficient homes Pioneering banks prepare to pilot energy efficiency mortgages across Europe"},"content":{"rendered":"

Ground-breaking new proposals<\/a> for a European \u2018energy efficiency mortgage\u2019 scheme were launched today by the EU-funded \u2018EeMAP\u2019 initiative<\/a>, which pioneering banks and buildings experts<\/a> in piloting are preparing to pilot across Europe.<\/p>\n

A public consultation<\/a> on the proposals is now open for comments until 12 March<\/a>, following the release of a major EU report on sustainable finance<\/a> for financial regulators that recommended support for energy efficient mortgages.<\/p>\n

WorldGBC\u2019s Europe Regional Network is one of the key partners behind the EeMAP initiative, which aims to help meet the \u20ac100bn shortfall in annual investment for energy efficiency in buildings that is required to meet the EU\u2019s climate targets. In response to calls from the banking sector, the proposals in the consultation set out a standardised European approach to energy efficient mortgages, to help lenders establish and grow these products. Energy efficiency mortgages aim to offer consumers better lending rates or additional finance when they invest in highly energy efficient homes or energy saving renovations.<\/p>\n

A series of market briefings<\/a> setting out the building energy performance landscape in a number of key European markets have been published by Green Building Councils alongside the proposals, to aid banks and other actors looking to launch national pilots under the new scheme.<\/p>\n

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James Drinkwater, Director of WorldGBC\u2019s Europe Regional Network, said:<\/strong> \u201cTo hit Europe\u2019s climate and energy goals, it is critical we leverage the power of mortgage lenders to scale-up private finance for energy efficient building renovation. The proposals and market briefings represent a crucial step in greening Europe\u2019s \u20ac7 trillion mortgage market. We call on Europe\u2019s green building community to work with us to ensure the proposals can achieve this goal.\u201d<\/em><\/p>\n

Alongside the public consultation, European Green Building Councils are hosting a series of events<\/a> aimed at establishing national expert \u2018hubs\u2019 for the energy efficient mortgage pilot, and to examine and strengthen the proposals published today.<\/p>\n

The final proposals for the mortgage pilot scheme will be released on 14 June 2018 at a major conference<\/a> in Windsor, UK. The event will gather over 100 high level finance and green building experts, and will mark the official start of the energy efficient mortgages pilot scheme. A group of pioneer lenders, including major banks, medium size players and local, specialised lenders in Europe have already signalled their interest in being involved in the pilot.<\/p>\n

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