Position About Importance of Integration of Two State Initiatives: “Affordable Mortgage” and “Green Deal”

The European-Ukrainian Energy Agency recommends an additional criterion for participation in the state’s Affordable Mortgage program: sustainability/energy efficiency of buildings. This will be a motivating factor for existing developers and owners, as well as reduce energy costs. Ukrainian banks need to create ESG strategies with a climate risk management system and capital allocation process to increase the efficiency and lower the bankruptcy risk of mortgage portfolios. SMARTER Finance for Families’s “Green Home Green Mortgage ”product allows banks to reduce default risks and stimulate demand for low-carbon, green buildings. The utilization of these frameworks leads to cooperation between banks and major capital holders, which in turn progress the goals of the European Green Deal. The EUEA has launched a survey for experts to integrate these “Affordable Mortgage” and “Green Deal” initiatives.