Access to low-cost, long-term financing for deep renovations across Europe

Renovate Europe, along with other partners, is organising a hybrid high-level event “Engaging Retail Lenders in Home Renovations”, taking place on Tuesday, 23rd of April (link to register).

This event will be an opportunity to hear from banks and financial institutions what they are doing to finance energy renovation, engage with their representatives during the event, and help us show the sector’s support. You will notably meet representatives of financial institutions and organisations such as ING, BNP Paribas, the European Banking Authority, Net-Zero Banking Alliance (NZBA), and Partnership for Carbon Accounting Financials (PCAF).

This timely event will be an important moment to discuss how to raise the trillions of euros needed to finance the millions of renovations of buildings in the EU. Speakers and the audience will explore the synergies with the new European Energy Efficiency Financing Coalition, that is meeting the day before, and dive deeper into the instruments and financial frameworks that will unlock private financing for buildings renovation.

This event will also provide an overview of the current state of EU buildings’ renovation efforts and present the findings of the CS report “Engaging Retail Lenders in Home Renovation”. This report is calling for EU mortgage lenders to play a more proactive role in unlocking the trillions of home equity stored in the buildings owned by their clients through the voluntary uptake of the innovative instrument mortgage portfolio standards included in the EPBD. There is growing momentum for this instrument as over a third of the top-30 banks in Europe already have in place a form of voluntary mortgage portfolio standard.