Residential housing is currently the third-largest contributor to CO2 emissions, according to data collected by the firm.
“As two-thirds of the UK’s housing stock falls below the C grade on Energy Performance Certificates (EPCs), we need to focus on making our existing stock more efficient,” according to Claire Singleton, chief executive of Legal & General Home Finance.
Singleton went on to explain that a “few improvements can make a massive difference to the environment, the bills we pay and a property’s market value.”
Installing an air source heat pump could cut a home’s CO2 emissions by 2,600kg per year, saving close to £700 in the process, the data shows.
The number of dwellings where building work has started on site was 35,710 in July to September 2020, up 111% on the previous quarter, according to the Ministry of Housing, Communities & Local Government.
GREEN LOANS AS PART OF REF INVESTMENT LENDING TRANSACTIONS AND
RERF LENDING TRANSACTIONS
The Guidance Documents broadly define green loans as any
type of loan instrument made available exclusively to finance or
re-finance, in whole or in part, new and/or existing green
projects . The Guidance Documents also offer a reminder of the
four core components of the GLPs, which consist of the
following:
Use of proceeds
Management of proceeds
Reporting
Since green loans are not sector specific, they can be used in
any industry, including REF investment transactions and RERF
transactions.
GREEN PROJECTS IN THE REF INVESTMENT CONTEXT AND THE RERF