This project has received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 784979
The EeMAP is a market-led initiative focussed on the design and delivery of an “energy efficient mortgage”, which is intended to incentivise and channel private capital into energy efficiency investments.
The underlying methodology (explained below) will incentivise the acquisition of energy efficient properties or the improvement of the energy efficiency of existing properties by way of preferential financing conditions linked to the mortgage.
The Energy Efficient Mortgages Initiative is designed on the premise that the banking industry has the potential to play a game changing role in supporting the EU in meeting its EU energy savings targets and delivering on its COP21 commitments by bringing energy efficiency into the conversation with potential borrowers and then financing the operation.
The ultimate success of the Energy Efficient Mortgages Initiative rests on two assumptions, which have already been recognised across a series of market and academic studies, and which will be further substantiated via the EeMAP and EeDaPP Initiatives.
The first assumption is that improving the energy efficiency of a property has a positive impact on property value, reducing a bank’s asset risk.
The second assumption is that energy efficient borrowers have a lower probability of default as a result of more disposable income in the household due to lower energy bills, reducing a bank’s credit risk
- Università Ca’ Foscari Venezia
- The Royal Institution of Chartered Surveyors
- The Europe Regional Network
Start date: 1 May 2017 - End date: 30 April 2019