Energy efficient Mortgages Action Plan Initiative launched in Rome

EBC  participated in the Third Stakeholder Meeting of the Energy Efficient Mortgage Initiative which took place in Rome on Friday, 9 June 2017.

The event has been hosted by ABI – the Italian Banking Association – at their offices in Rome. Policy officer Ann-Cathrin Rönsch attended the meeting on behalf of EBC.

As described in our position paper on the proposal amending Directive 2010/31/EU on the Energy Performance of Buildings, we support incentive measures, both in public and private financing, that connect financial means to energy efficiency improvements in the renovation of buildings. An example is the “European Energy Efficiency Mortgages” launched by the European Mortgage Federation. It focuses on financing energy efficiency works in residential units via preferential interest rates for energy efficient homes and/or additional funds for retrofitting homes at the time of purchase. Thus it offers better borrowing rates on mortgages in return for either purchasing more energy efficient homes or committing to implement energy saving works within properties.