Finance News

New coalition launches for green energy homes

The Coalition will address specific challenges that limit the uptake of energy-efficiency measures in the residential building market.

Rozi Jones
|
11th December 2019
green home eco plants modern house
"The Green Finance Institute’s role is to convene innovators, sector specialists and policymakers to harness their creativity to identify and overcome the barriers to the deployment of green funding."

The Green Finance Institute has announced the formation of the Coalition for the Energy Efficiency of Buildings (CEEB).

The Coalition aims to help the development of net-zero carbon and climate-resilient buildings in the UK by accelerating the pace of financial innovation and identifying barriers to widescale upgrading of existing housing stock.

Over the next 12 months, the CEEB will launch a portfolio of new financial solutions that unlock investment into the low-carbon and resilient building sectors. These will aim to deploy capital to address specific challenges that limit the uptake of energy-efficiency measures in the residential building market in the UK.

Speaking at the COP25 climate change conference in Madrid this week, Dr Rhian-Mari Thomas OBE, chief executive of the Green Finance Institute, said: “Financial markets need to play a leading role to meet the needs of our society, and to mobilise capital to address the climate emergency. The Green Finance Institute’s role is to convene innovators, sector specialists and policymakers to harness their creativity to identify and overcome the barriers to the deployment of green funding.

“The Coalition for the Energy Efficiency of Buildings brings together a breadth of experience behind a clear goal: to accelerate capital flows towards retrofitting and developing UK homes to net-zero carbon, resilient standards through the development of real-world finance solutions that appeal to home-owners, landlords and investors.”

Colin Fyfe, CEO of Hinckley & Rugby and chair of the BSA Green Finance Taskforce, commented: “Building societ​​ies are supportive of this new, positive and timely Coalition for the Energy Efficiency of Buildings, and we look forward to working together. Our newly formed, sector-led Green Finance Taskforce has been set up with the objective of improving the energy efficiency of the existing housing stock – making energy efficiency improvements as seamless as possible for homeowners. The links between us are clear.”

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