The Energy Efficient Mortgages (EEM) Initiative is, today, unveiling its definition of an energy efficient mortgage which is the result of extensive cross-sectoral, market consultation of the lending institutions piloting the energy efficient mortgage framework.
Buildings are responsible for 36% of CO2 emissions in Europe and making them more energy efficient is critical in reaching our climate targets. While recent increases in government incentives are part of the solution, the scale of the challenge means that private investment must be mobilised.
The Irish Green Building Council has launched today (12th Feb.) ground-breaking new proposals for a European ‘energy efficiency mortgage’ scheme, which pioneering banks and buildings experts are preparing to pilot.
Efforts to cut emissions from Europe’s building stock received a major boost as the European Commission said it was considering lowering capital requirements for banks in order to help reward consumers investing in energy efficient buildings.