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SMARTER Finance for Families–Improving Citizens’ Health, Comfort and Financial Well-Being by Supporting Banks, Residential Investors and Solution Providers with Green Homes and Green Mortgage programs

SMARTER Finance for Families–Improving Citizens’ Health, Comfort and Financial Well-Being by Supporting Banks, Residential Investors and Solution Providers with Green Homes and Green Mortgage programs

Objective

"Many citizens, particularly in nascent green building markets, make suboptimal decisions in the design and construction choices for renovation approaches and new home purchases due to a fear of bank financing. Borrowing sufficiently to bring forward necessary resources to build homes properly both reduces citizens’ “Total Cost of Monthly Ownership” (loan payment plus energy, health and repair costs) while unlocking a critical increase of construction budgets facilitating ownership of the greenest, high-quality homes. Financing Green Homes with the borrower subject to lower monthly operating costs is less risky to banks which provide discounted credit without harming profits.

The SMARTER project effectively communicates the benefits of Green Homes to citizens and other key stakeholders to bring a systemic solution to a systemic problem that inhibits the financial industry to design and offer green finance products and the citizens to understand and request them. SMARTER replicates a successful “Green Homes and Green Mortgage” program to 12 new countries, addresses barriers and brings green innovation with relevant research and cluster formation, adapts essential tools for administration and communication, and effectively expands collection of actual energy and financial performance to improve risk analysis with local data. Public investment is leveraged and ambitious green EU targets are supported as banks, developers, and green solution providers all contribute budgets to increase private financing for building exemplary homes.

The SMARTER “Green Homes Investment Platform” guides new programs to a suitably ambitious, common definition of green investments and facilitates institutional investment by collaborating with ongoing initiatives including EeMAP and EEFIG; aligning with EC objectives such as “Mainstreaming Energy Efficiency Finance” and advancing the Financial, Technical and Behavioral de-risking championed by “Smart Finance for Smart Buildings""."

Coordinator

ASOCIATIA ROMANIA GREEN BUILDING COUNCIL

Address

Str Argentina 43 Sector 1
011277 Bucuresti

Romania

Activity type

Higher or Secondary Education Establishments

EU Contribution

€ 428 781,25

Participants (16)

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DANMARKS TEKNISKE UNIVERSITET

Denmark

EU Contribution

€ 204 053,75

UNIVERSITE LIBRE DE BRUXELLES

Belgium

EU Contribution

€ 108 968,75

IRISH GREEN BUILDING COUNCIL LIMITED BY GUARANTEE

Ireland

EU Contribution

€ 123 708,75

CLOVEK V TISNI OPS

Czechia

EU Contribution

€ 59 000

ENOVA D.O.O. SARAJEVO

Bosnia and Herzegovina

EU Contribution

€ 34 357,50

UDRUZENJE SAVJET ZA ZELENU GRADNJU

Bosnia and Herzegovina

EU Contribution

€ 44 843,75

ENERGY EFFICIENCY CENTER - ENEFFECTFOUNDATION

Bulgaria

EU Contribution

€ 74 900

CESKA RADA PRO SETRNE BUDOVY

Czechia

EU Contribution

€ 58 200

ENERGOEPEKTUROBIS TSENTRI SAKARTVELO

Georgia

EU Contribution

€ 75 500

CENTRE FOR RENEWABLE ENERGY SOURCES AND SAVING FONDATION

Greece

EU Contribution

€ 59 593,75

CRISTOFORETTI SEBASTIANO

Italy

EU Contribution

€ 42 042,90

GREEN BUILDING COUNCIL ITALIA

Italy

EU Contribution

€ 43 656,25

POLSKIE STOWARZYSZENIE BUDOWNICTWA EKOLOGICZNEGO

Poland

EU Contribution

€ 62 000

SLOVENSKA RADA PRE ZELENE BUDOVY

Slovakia

EU Contribution

€ 59 682,50

TURKECO INSAAT ENERJI SANAYI VE TICARET LIMITED SIRKETI

Turkey

EU Contribution

€ 84 312,50

ASSOCIATION EUROPEAN-UKRAINIAN ENERGY AGENCY

Ukraine

EU Contribution

€ 54 593,75

Project information

Grant agreement ID: 847141

Status

Ongoing project

  • Start date

    15 May 2019

  • End date

    14 May 2021

Funded under:

H2020-EU.3.3.7.

H2020-EU.3.3.1.

  • Overall budget:

    € 1 618 195,40

  • EU contribution

    € 1 618 195,40

Coordinated by:

ASOCIATIA ROMANIA GREEN BUILDING COUNCIL

Romania