The European Mortgage Federation-European Covered Bond Council (EMF-ECBC) last month formally launched its Energy Efficient Mortgage (EEM) label. However, concerns are emerging that the label is being driven forward potentially at the expense of environmental performance.
Across the 27 European Member States, 200 million dwellings were built last century, representing a significant challenge in terms of renovating existing housing stock to meet the EU’s climate neutrality targets by 2050.
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