“Energy-efficient buildings have a much lower consumption level of energy resources in comparison with ordinary ones, and accordingly the monthly spendings for the maintenance of sustainable and energy-efficient real estate are lower and do not create an economic burden on the population “, – Oleksandra Gumeniuk, Director of EUEA.

📍According to statistics, residential buildings in Europe consume in average  40% of energy and emit about 36% of CO2.


✔️The construction industry accounts for about 30% of total waste, which is a very high number. At present, in order to achieve the terms of the Paris Agreement, the EU’s climate and energy goals for 2030 and the European Green Deal, it is essential to invest in projects and measures aimed to ensure sustainable living conditions for people, the environmental protection and energy efficiency, in particular in the field of construction.

✔️At the same time, the State Program “Affordable Mortgage” is a priority for Ukraine, but it does not provide any point and criteria for the sustainability of buildings and the level of energy efficiency.

✔️The effect of reducing energy costs for the population can be achieved by providing subsidies. However, economic incentive programs for energy efficiency are more conducive to economic development, and the introduction of subsidies, on the contrary, worsens the economies of poor countries even more.

✅That is why the European-Ukrainian Energy Agency supports the introduction of the innovative financial instrument “Green Mortgage” in Ukraine and will continue the dialogue with the Government of Ukraine on the inclusion of the criterion of sustainability/energy efficiency of buildings in the current state program “Affordable Mortgage”. The ambitious goals of reducing CO2 emissions cannot be achieved only by attracting public finances, it is necessary to attract private capital. Green mortgages are an example of private green capital to achieve lower CO2 emissions. A certified sustainable building can save 3-4 mortgage payments per year, as the total cost of owning sustainable energy-efficient real estate is much lower.

🟢Green Home Green Mortgage, developed by SMARTER Finance for Families, is a unique mortgage product for homes that banks can offer by providing a discount on the interest rate when buying a certified “green” home.Making a “green” mortgage for the bank will help reduce the risk of default on the mortgage agreement (due to lower monthly utility costs due to the sustainability of the building), compared to traditional homes.

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