Bulletin

Dialogue on “Financing for efficient buildings: Learning from G20 and Global ABC” to take place on 21 May in Copenhagen

14 May 2018

The global real estate sector currently accounts for around 50% of stored wealth, 40% of global energy consumption and significant untapped energy efficiency potential. The efficiency and resilience of the global building stock is therefore key to realising countries’ clean energy transitions and stimulating global sustainable growth. As a large share of the global building stock is financed through the loan books of banks, financial institutions play a critical role in providing the capital to refurbish existing building stock, in addition to helping large amounts of new construction in emerging economies become as efficient as possible in line with the objectives of the Paris Agreement. 75% of the existing energy efficiency investment gap to meet these goals can be bridged by the real estate sector. However, financial institutions can only provide the capital and tailored financial products necessary to utilise this significant potential if policy makers provide the appropriate political framework that will drive the recognition of energy efficiency in terms of returns (driven by rent, value and yield) and risk (in terms of improved credit taker quality, improved repayment capacity of mortgage takers, and better loan to value ratios).

The G20 Energy Efficiency Finance Task Group (EEFTG), International Partnership for Energy Efficiency Cooperation (IPEEC), UN Environment Finance Initiative (UNEP FI), and the Global Alliance for Buildings and Construction will host an event on “Financing for efficient buildings: Learning from G20 and the Global ABC” on 21 May 2018 in Copenhagen, Denmark, during EE Global 2018, to engage financial institutions and policy makers in a structured dialogue on these issues. Participants will discuss ways in which all actors can cooperate to bring the global real estate sector to zero emissions and make it efficient as well as resilient. The meeting will build on a previous event on “Energy Efficiency in Buildings: How to accelerate investments?”, jointly organised by the European Commission, the Government of France, UNEP FI, Global ABC, the IEA and IPEEC in December 2017 in the margins of the One Planet Summit in Paris, France.

To attend or for more information, please contact Jurei Yada, Policy Advisor, IPEEC, at jurei.yada@ipeec.org .

High-Level Roundtable at EE Global, Copenhagen, Denmark
EE Global Intensive Learning Session
UN City, Copenhagen, 21st May 2018, 14:30 to 16:00