A market initiative to produce a standardised pan-European protocol and portal for financial data on energy efficient mortgages, EeDaPP, has won support and funding from the European Commission, ahead of the forthcoming pilot phase of the Energy efficient Mortgages Action Plan (EeMAP).
The EMF-ECBC is hoping to gain European Commission support and funding for developing a data protocol that would help optimise its energy efficient mortgages initiative, although a speaker at a plenary meeting of the industry body warned that “the best is the enemy of the good”.
The European Covered Bond Council hopes to ultimately introduce a green covered bond label alongside its Energy Efficient Mortgages initiative, the ECBC’s Jennifer Johnson yesterday (Monday) told a climate bonds conference, where appropriate pricing and collateral were under scrutiny.
Energy efficient mortgages being advanced by the EMF-ECBC can be a key element in boosting green covered bonds and helping the EU meet energy targets, according to an industry survey and participants at a stakeholder meeting today (Thursday), where a Commission official welcomed the initiative.
The EMF-ECBC launched a project to create an energy efficient mortgage today (Tuesday) that it said could pave the way for broader take-up of green covered bonds, after Berlin Hyp yesterday inaugurated a combined Pfandbrief and senior green programme with a Eu500m seven year unsecured deal.