EU and UK Regulatory Developments on Green Mortgages

Luca Bertalot

In the third video of this four-part video series, Luca focuses on the proactive steps that the EU and UK bodies are taking and the scale of financing needed to carry out the necessary green refurbishments.

Sustainability

Central Banks & Financial Markets

Overview

To have any chance of reducing emissions and eventually getting to net zero, governments are starting to take proactive steps to reach these goals through initiatives and regulations. New initiatives in the EU include the likes of the Fit for 55 package, the publication of an EU taxonomy and of course the Energy Efficient Mortgage Initiative. In the UK, the government has committed to upgrading as many homes as possible to band C and above by 2035 and they have also mandated that by 2030, all rented commercial properties will have to have a minimum B EPC rating.

Key learning objectives:

Identify the proactive steps that the EU and UK bodies are taking with the aims of reducing emissions
Comprehend the scale of the financing needed to carry out the retrofitting of residential properties

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Summary

Expert

Luca Bertalot

Luca Bertalot is Secretary General of the European Mortgage Federation - European Covered Bond Council (EMF-ECBC), a market platform supporting market participants on all issues relating to the retail and funding sides of the mortgage business. Luca joined the EMF-ECBC in 2006, becoming Head of the ECBC in 2007 and Secretary General in June 2014. Prior to this, he worked as a financial analyst at Fondazione Censis - Centre for Socio-Economic Studies and Policies, Gentiloni Silveri & Partners Consulting, a law firm, and in the Italian Ministry of Foreign Affairs. Luca also worked as a consultant in several World Bank’s missions on Housing and Capital Markets issues in Morocco, Brazil and South Africa. Luca holds a degree in Economics and Financial Markets from the University of Rome, Tor Vergata. He also studied at the University of Mannheim, Germany, and at the Wharton School - University of Pennsylvania, in the United States.