According to EDIE (Environmental Data Interactive Exchange), “Energy and building sector professionals from across Europe have united to forge a ground-breaking new initiative which offers better borrowing rates on mortgages for homebuyers that commit to purchasing more energy-efficient homes or carrying out energy-saving retrofits within properties.” A new European Energy Efficiency Mortgage was launched yesterday (September 20th) at the World Green Building Council’s “Build Upon” summit in Madrid, Spain. The project is being spearheaded by the European Mortgage Federation – European Covered Bond Council (EMF-ECBC), and includes such partners as the European Regional Network of Green Building Councils, E.ON, and SAFE Goethe University Frankfurt. EDIE reports that according to the World Green Building Council (WGBC) “offering such a private financing mechanism to encourage energy efficiency improvements for households could prove crucial in helping the EU to meet its energy-saving target of 20% by 2020.” Read More in EDIE >
