While tokenistic or poorly conceived attempts at supporting the decarbonisation and greening of buildings still abound in the finance sector, there are signs of structural changes on the horizon - changes designed to unlock widespread change. But do those changes go far enough?
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
The market for ‘green mortgages’ continues to grow with the announcement by AIB that it is introducing lower interest financing for energy efficient properties.