2021-158-EN
Madrid, 12 May 2021
EIB and UCI join forces to renovate homes in Spain and Portugal, reducing CO2 emissions by up to 10 269 tonnes a year
The EIB has invested €50 million in a new RMBS Prado VIII securitisation that will contribute to UCI’s plans to finance the energy renovation of residential homes
This operation is the second partnership in 12 months between the EIB and UCI. The previous operation, worth €100 million, was for RMBS Green Belém 1, issued in Portugal in May 2020.
The project will contribute to climate change mitigation, delivering energy savings of almost 57 GWh a year and cutting CO2 emissions by 10 269 tonnes a year.
By Bill Thornhill
19 Apr 2021
The European Commission has revised the final wording of its definition of an energy-efficient mortgage in its Taxonomy of Sustainable Economic Activities. The change will greatly improve prospects for originating Taxonomy-compliant green mortgages on buildings constructed before December 2020.
The EC has changed the wording of the delegated act which provides the detailed technical standards for the Taxonomy.
The revised draft takes account of comments made by banks that have signed up to the European Covered Bond Council’s Energy Efficient Mortgage Label. The latest wording presents
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