Approximately €113 million of EU grant funding has been awarded to projects under the following focus areas:
Post date: 5 Jun 2020
At today's renovation rate of around 1% of buildings per year, a timely transition of the EU building sector towards climate-neutral levels by 2050 cannot be ensured. To accelerate energy efficiency investments in this area, the European Commission has intensified its efforts in recent years, with specific calls to strengthen the existing financial framework, increase funding levels, diversify types of financial models and explore new supporting mechanisms.
Post date: 4 Feb 2020
The grant will be implemented through KfW via financing agreements to be signed by the end of 2019. The period of implementation is four years.
It is expected that approximately 40 buildings will be renovated, while about 15% of the funds will be used for accompanying services, such as the implementation consultant, design work, supervision, detailed energy audits, and building energy certification, KfW told Balkan Green Energy News.
Post date: 6 Dec 2019
Piraeus is the second leading Greek bank to confirm participation with the scheme, after the National Bank of Greece.
Piraeus Bank will identify and invest in new clean energy projects including wind farms, photovoltaic installations, biomass and biogas plants, and hydroelectric power stations. New investment to improve energy efficiency in the public and private buildings will also be examined, the EIB said in a press release.
Post date: 23 Sep 2019
This scheme will support these communities to deliver energy upgrades to nearly 700 homes and 570 community and commercial buildings in their local area, eliminating 34,676 tonnes of CO2 annually – this is the equivalent of taking more than 11,000 internal combustion engine cars off the road.
Reducing emissions from buildings is a key action under the government's Climate Action Plan.
Post date: 7 Sep 2019
The Energy Efficient Mortgages (EEM) Initiative is 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 and of the EEM Advisory Council.
The announcement coincides with the United Nations Climate Change Conference – COP24 – taking place in Katowice, Poland until 14 December.
Post date: 4 Dec 2018
The clean energy transition represents a key opportunity for public authorities, investors and businesses to unlock financing for Smart Buildings and address the needs of European citizens while driving the energy transition forward.
Post date: 20 Nov 2018
What are ‘green mortgages’? At the moment, there is no universal definition of green mortgages, but they usually refer to mortgages on energy efficient homes. It might be useful to expand this definition to include climate resilience as well as energy efficiency. The reasoning behind promoting green mortgages is that owners of energy-efficient homes might be less likely to default on their payments. Since energy efficiency lowers energy use, energy-efficient homes should have lower bills.
Post date: 6 Nov 2018
In the last years, the improvement of energy efficiency in buildings is one of the main topics pursue at European level able to generate economic, social and environmental benefits.
Post date: 22 Oct 2018
By joining the scheme, the two banks will adopt standards which are currently being tested as part of an EU-backed pilot programme involving banks and financial institutions representing a combined lending power of over €3 trillion, equal to around 20% of the EU’s GDP.
The pilot scheme aims at trialling new criteria for energy efficiency mortgages for homebuyers. The proposed standards will provide lenders with the critical information they need to understand how energy use and efficiency improvements impact on mortgage risks.
Post date: 24 Sep 2018