Mortgage News Daily – EC’s last minute Taxonomy change will boost energy-efficient mortgage production
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