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“Groundbreaking energy efficiency mortgage scheme” open for public consultation before European pilot

(eceee news, 13 Feb 2018) The EU-funded ‘EeMAP’ initiative has proposed a standardised European approach to energy efficient mortgages. Their proposed approach is now open for a month of public consultation before a pilot is to be launched by pioneering financing institutions and buildings experts.

The EeMAP Initiative aims to create an energy efficient mortgage through which homebuyers are incentivised to improve the energy efficiency of their building or acquire an already energy efficient property through favourable conditions linked to the mortgage

A public consultation on the proposals, which will pilot across Europe, was launched 12 February and will be open for comments until 12 March.

The final proposals for the mortgage pilot scheme will be released on 14 June 2018, at a major conference in Windsor, UK.

Alongside the proposals, a series of market briefings setting out the building energy performance landscape in, a number of key European markets have been published by Green Building Councils. The aim is to aid banks and other actors looking to launch national pilots under the new scheme, according to the World Green Building Council, who quotes James Drinkwater, Director of WorldGBC’s Europe Regional Network:

“To hit Europe’s 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’s €7 trillion mortgage market. We call on Europe’s green building community to work with us to ensure the proposals can achieve this goal.”

Alongside the public consultation, European Green Building Councils are hosting a series of events aimed at establishing national expert ‘hubs’ for the energy efficient mortgage pilot, and to examine and strengthen the proposals published today, World Green Building Council writes.

Fore more information, view World Green Building Council web site

or the EeMAP website