Creditworthiness and Buildings’ Energy Efficiency in the Mortgage Market

Energy efficiency represents one of the key planned actions aiming to reduce greenhouse emissions and the consumption of fossil fuels in order to mitigate the impact of climate change. According to the European Commission1, buildings represent 40% of the total energy consumption and are responsible for 36% of the total CO2 emissions in Europe. Currently, only 25% of the stock of European buildings is considered energy efficient. In the 2030 climate and energy framework, the European Commission has set as a minimum target for the improvement in energy efficiency by 32.5%. The process of making buildings energy efficient reveals several advantages in terms of economic stimuli (e.g. the construction of buildings is a driving force component of the GDP) and in terms of investment opportunities since it provides an increase in the property value.