Globally, there is strong evidence that reducing energy consumption in the existing building stock is a promising and low cost opportunity to reduce CO2 emissions. However, it does face certain barriers including convincing financial institutions to provide the financing. The European Mortgage Federation (EMF) has launched an action plan to break down these barriers to finance called EeMAP. On 29 September, the EMF held a one-day seminar to take stock of progress with the participation of large EU banks and utilities as well as the EU Commission.
In this context, Partner Helge Sigurd Næss-Schmidt, in charge of our Climate and Energy as well as Finance services, presented the findings of a study done by Copenhagen Economics for the Danish Energy Agency. The study concluded that the prices on energy efficient houses are higher than less efficient houses, proving that renovation does lead to higher collateral value. This should unlock by far the cheapest finance, namely mortgage-backed lending.
For further contact, please contact partner Helge Sigurd Næss-Schmidt