Banking - passivehouseplus.co.uk

Last year Irish banking behemoth AIB launched discounted development finance for homes certified to the Irish Green Building Council’s rating system, the Home Performance Index. But what was behind the move, how is it being received and does this indicate the finance industry is getting serious about green homes?

Additional words by Jeff Colley

As if the implications of the unfolding global financial crisis weren’t bad enough, the Irish economy must also contend with the consequences of a banking system exposed to unprecedented property-related debts. Reflecting on the ongoing crisis, Richard Douthwaite explains why investment in local energy innovation may prove the key to improving Ireland’s economic health