In the context of the European Commission’s Renovation Wave Communication and further to President von der Leyen’s call for a “new European Bauhaus” as part of the European Union’s Green Deal, in its role as the Coordinator of the Energy Efficient Mortgage Initiative (EEMI), the EMF-ECBC has invited its members and EEMI stakeholders to participate in the EEMI Bauhaus. The aim of this initiative is to stimulate and facilitate cross-sectoral brainstorming on the design of a new Industry value chain, bringing together digitalisation and sustainability in support of the development of Energy Efficient Mortgages (EEM).
Estimates suggest that to achieve the new 2030 climate and energy targets will require almost EUR 300 billion of additional annual investment in buildings alone. This flow of investment will need to be sustained over time and will require the channelling of private finance to support the transition, as a complement to public finance. Mortgage finance has significant potential to support the energy efficient renovation of the EU’s building stock. The combined effect of sustainability and digitalisation applied to outstanding mortgages in Europe, which account for 44% of EU GDP, could represent a key driver for market innovation and trigger an unprecedented magnitude of financial flows from the private finance sector.
Against this background, the EEMI Bauhaus seeks to offer a virtual “green arena” with a focus on EEM, where stakeholders can present innovative ideas, highlight obstacles or challenges, propose potential solutions to these, exchange views and explore new, cross-sectorial cooperation aimed at underpinning the work of the EEMI. In this way the EEMI Bauhaus can support the climate transition and the “Green” Recovery by mobilising creativity and innovation in the market, and share and leverage on this across jurisdictions.
To this end and moving forward, a series of “green arena” EEMI Bauhaus events will be organised, during which EMF-ECBC members and EEMI stakeholders will be invited to present their ideas, solutions and exchange views with each other. The first EEMI Bauhaus event will take place on 23 November 2020 (14h30-16h00 (CET)) and the dates for subsequent events will be announced in due course. The Agenda for the 23 November event and other supporting materials can be found in the Resources section of this page (see right-hand side).
For further information about the EEMI Bauhaus, please contact us at firstname.lastname@example.org.