Real estate banks should give even greater consideration to environmental protection and energy efficiency issues when financing commercial real estate, according to Eurohypo’s ceo Bernd Knobloch. Knobloch, who was speaking at the Building Eco Value conference in Berlin, claimed that ‘the ecological and economic pressure to consider questions of sustainability is becoming even greater within the property industry. Banks, too, ought to focus more strongly on sustainability issues when setting financial terms,’ he said.
Real estate banks should give even greater consideration to environmental protection and energy efficiency issues when financing commercial real estate, according to Eurohypo’s ceo Bernd Knobloch. Knobloch, who was speaking at the Building Eco Value conference in Berlin, claimed that ‘the ecological and economic pressure to consider questions of sustainability is becoming even greater within the property industry. Banks, too, ought to focus more strongly on sustainability issues when setting financial terms,’ he said.
According to experts, buildings are responsible for around 40% of worldwide CO2 emissions.
A representative for the Ministry of Environment, Michael Müller, said that Germany’s federal government has increased funding for the CO2 Renovation Programme, a plan to improve the sustainability of existing buildings through refurbishment, from EUR 360 mln to EUR 1.4 bn per annum.
