Source · Select Committees · Environmental Audit Committee
Recommendation 26
26
Paragraph: 129
Green finance options are essential to encourage owner occupiers to take action on energy efficiency.
Conclusion
Green finance options are essential to encourage owner occupiers to take action on energy efficiency. We welcome the ambition of some leading lenders to make green mortgages available, and the Government consultation on how mortgage lenders can help householders to improve the energy performance of their homes.
Paragraph Reference:
129
Government Response
Accepted
HM Government
Accepted
We agree with the Committee that green finance will play a critical role in helping householders to improve the energy performance of their homes. We estimate that getting as many homes as possible to EPC band C by 2035, where cost- effective, practical and affordable, will require capital investment of up to £65 billion, and so green finance will be key from the start. Our consultation on Improving Home Energy Performance Through Lenders closed in February 2021. We will carefully review responses to the consultation and use it to develop further our proposals for supporting the expansion of the green home finance market.