Italian banks take up COP23 challenge and organise first EeMAP Roundtable in Milan

First EeMAP national Roundtable event to focus on Italy

Following on from the presentation of EeMAP in Bonn at COP 23, the Energy Efficient Mortgages Action Plan (EeMAP) Initiative takes a concrete step forward with the first in a series of national Roundtable events, on this occasion focussing on Italy. The event, organised in Milan and hosted by UniCredit, brings together experts from the European Investment Bank (EIB) and the Italian banking, construction, valuation and energy sectors with a strong interest in building energy efficiency and its financing.

The purpose of the event is to gather practical input from national practitioners for the EeMAP Initiative, which seeks to scale-up mortgage financing for energy efficient buildings at European level. The outcomes of the event will feed into the EeMAP Pilot Phase, which will test the framework for energy efficient mortgages produced by the EeMAP project’s technical committees. The Pilot Phase is excepted to begin in 2018 with a view to delivering a final framework for an Energy efficient mortgage product in the final stage of the EeMAP Initiative in 2019.

Following today’s event, a second EeMAP national Roundtable event focussing on Belgium will be organised on 15 November 2017 in Brussels. Other national Roundtable events are in the pipeline for later this year and early in 2018.

Luca Bertalot, EeMAP Coordinator
, commented:

Today’s exchange will allow us to gather a lot of invaluable practical input for the preparation of the forthcoming pilot phase. We are delighted to see such interest from Italian stakeholders and are extremely grateful to UniCredit for leading the way in Italy on behalf of the EeMAP Consortium.

Luciano Chiarelli and Paolo Eliezer Foà, UniCredit, commented:

Mortgage markets have the potential to play a game-changing role in relation to energy efficiency investment in buildings, opening new market opportunities, stimulating best practices and making banks’ portfolios more resilient. UniCredit is therefore delighted to host the first EeMAP Roundtable in Italy. As a systemically important bank UniCredit believes that it can play an important role in relation to sustainability issues, especially in synergy with all relevant stakeholders, and enrich the whole economic system and its actors.

Energy Efficient Mortgages could play central role in Europe’s new sustainable finance strategy

Energy efficient mortgages could play a central role in Europe’s new strategy for sustainable finance, states a EeMAP White Paper published today under the EU funded ‘Energy Efficient Mortgages Action Plan’ (EeMAP) Initiative – which sets out key recommendations towards the creation of an energy efficient mortgage product for Europe.

In producing this White Paper, EMF-ECBC has summarised the results of comprehensive research findings which are detailed in four underlying EeMAP Technical Reports on the same topics (available here), and which constitute the basis of initial cross-sectorial conclusions and recommendations regarding the cornerstones of a future Energy Efficient Mortgage product.

For more information see here.

EeMAP presented at EU Energy Day during Expo 2017 in Astana

On Monday 24 July, Luca Bertalot, Secretary General of the EMF-ECBC, presented the EeMAP Initiative at the 2017 International Exhibition in Astana, Kazakhstan.

The theme for this year’s Expo is “Future Energy” and energy efficiency is one of the key concepts being discussed during the world-wide debates taking place in Astana to tackle the global energy-related challenges which directly impact our planet.

The EeMAP Initiative was presented as part the European Commission’s EU Energy Day, which brought together cities, project developers, technology providers, policy-makers and other clean energy stakeholders to discuss clean energy solutions for the buildings of the future, and was a showcase project of how the mortgage sector can play a key role in creating energy efficient solutions for buildings.

EeMAP Announces New Energy Efficient Mortgage Website

Today, the Energy efficient Mortgages Action Plan (EeMAP) Initiative is proud to announce the launch of its new website:

The new website offers visitors an easy-to-navigate portal through which they can quickly access key information about the EeMAP Initiative. This includes details on forthcoming events, technical level meetings and access to reports on market research and findings which will be conducted in order to advance the Initiative. The website also gives access to information concerning the broad range of stakeholders supporting the project.

The EeMAP is a market-led and first-of-its-kind initiative, with its objective being the design and delivery of an ‘energy efficient mortgage product’. This is intended to incentivise the acquisition of energy efficient properties or facilitate the improvement of the energy efficiency of existing properties by way of preferential financing conditions linked to the mortgage. The Initiative aims to demonstrate that energy efficiency has risk mitigation effects for banks because of its impact in enhancing a borrower’s ability to service their loan and on the value of the property/collateral which could, therefore, qualify for a better capital treatment.

The EeMAP Initiative was launched in June 2017 at a Kick-Off Stakeholder Meeting in Rome, where over 100 European market stakeholders met with the European Parliament, the European Commission and local authorities, to discuss how EU property owners can finance energy efficiency investments in the European building stock. A series of videos summarising the debates held at the Kick-Off Meeting and the comments of key supporters, including MEP Bendt Bendtsen’s (rapporteur on the Energy Performance of Buildings Directive) positive response to the timeliness of the EeMAP Initiative, can be accessed via the new EeMAP website here.

In the context of tomorrow’s European Commission Public Hearing on Sustainable Finance (link), ‘energy efficient mortgages’ will be highlighted as a critical financial instrument to redirect private capital into energy efficiency investments, lowering carbon emissions and transposing the EU’s energy efficiency policy into tangible results contributing to the challenges posed by the COP21 agreement.

Luca Bertalot, EeMAP Coordinator & EMF-ECBC Secretary General, said: “We are delighted to announce that the EeMAP website is now online. With a clear market-developed roadmap for the private financing of energy efficiency, the EeMAP Initiative proposes concrete solutions to enhance energy efficiency in the European Union, with market stakeholders supporting the leadership role that the EU has taken in tackling climate change.”

Additional content will continue to be added to the new website as the EeMAP Initiative progresses over the coming weeks and months, so please check back on a regular basis for the latest updates. The EeMAP Initiative can also be followed via Twitter at @EEMActionPlan.

Stakeholder Meeting & Kick-off of the Energy efficient Mortgages Action Plan (EeMAP)