Featured Pathways

More pathways

The Science of Climate Change

Climate change is no longer a distant threat or just a possibility, it is now a reality for all of us. In this pathway, Kevin Trenberth, a renowned climatologist, delves into the science behind climate change. He first introduces the climate system, its main components and forces.

Tackling the Plastic Crisis

Plastic pollution is by far the biggest threat to our oceans and this remains an incredibly tough problem to solve. Plastic credits could potentially serve as one of the much needed solutions for this crisis.

More pathways

Book a demo

Pricing

Ready to get started?

Plans & Membership

Our Platform

Expert led content

+1,000 expert presented, on-demand video modules

Learning analytics

Keep track of learning progress with our comprehensive data

Interactive learning

Engage with our video hotspots and knowledge check-ins

Testing & certification

Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

Connect Sustainability Unlocked to your current platform

Featured Content

More featured content

The Scale of the Net Zero Challenge

The price of meeting net zero is estimated to be between $100-150 trillion over the next 30 years. Regardless of this cost, we need to reach net zero before climate change does irreversible damage to the environment and the economy.

ESG, Sustainability and Impact Jargon Buster

ESG, sustainability, impact… they all just mean green, right? Not quite. Despite being used often interchangeably, there are distinct differences between these terms.

More featured content

Book a demo

Pricing

Ready to get started?

Featured Pathways

More pathways

The Science of Climate Change

Climate change is no longer a distant threat or just a possibility, it is now a reality for all of us. In this pathway, Kevin Trenberth, a renowned climatologist, delves into the science behind climate change. He first introduces the climate system, its main components and forces.

Tackling the Plastic Crisis

Plastic pollution is by far the biggest threat to our oceans and this remains an incredibly tough problem to solve. Plastic credits could potentially serve as one of the much needed solutions for this crisis.

More pathways

Book a demo

Pricing

Ready to get started?

Plans & Membership

Our Platform

Expert led content

+1,000 expert presented, on-demand video modules

Learning analytics

Keep track of learning progress with our comprehensive data

Interactive learning

Engage with our video hotspots and knowledge check-ins

Testing & certification

Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

Connect Sustainability Unlocked to your current platform

Featured Content

More featured content

The Scale of the Net Zero Challenge

The price of meeting net zero is estimated to be between $100-150 trillion over the next 30 years. Regardless of this cost, we need to reach net zero before climate change does irreversible damage to the environment and the economy.

ESG, Sustainability and Impact Jargon Buster

ESG, sustainability, impact… they all just mean green, right? Not quite. Despite being used often interchangeably, there are distinct differences between these terms.

More featured content

Book a demo

Pricing

Ready to get started?

Book a demo

Pricing

Ready to get started?

EU and UK Regulatory Developments on Green Mortgages

EU and UK Regulatory Developments on Green Mortgages

Luca Bertalot

Secretary General: The European Mortgage Federation

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.

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.

Subscribe to watch

Access this and all of the content on our platform by signing up for a 7-day free trial.

EU and UK Regulatory Developments on Green Mortgages

14 mins 21 secs

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

Subscribe to watch

Access this and all of the content on our platform by signing up for a 7-day free trial.

Summary

What proactive steps has the EU taken in the fight against climate change? 

Fit for 55: 

Launched in July 2021, it is a package of proposals to revise and update EU legislation. The framework:

  1. Ensures a just and socially fair transition,
  2. Maintains and strengthens innovation and competitiveness of EU industry while ensuring a level playing field vis-à-vis third country economic operators,
  3. Underpins the EU's position as leading the way in the global fight against climate change.

Third iteration of Basel III:

Published in October 2021, it places a specific importance on energy efficient homes. Banks will be able to update the loan-to-value of their portfolio of every single mortgage following retrofitting. Therefore, by increasing the value of the property, the loan-to-value should improve and reduce the risk banks face. 

EU taxonomy: 

The first legislative act giving clear indication to investors of what is green and what is not green. This will incentivise banks to produce green assets. 

Energy Performance Building Directive:

Changing the way European stakeholders are collecting data and giving labels to buildings. 

Mortgage Credit Directive: 

Currently under revision, it will change the way banks explain and give details to their consumers. 

What is the cost of retrofitting? 

1% of current housing stock in Europe is represented by new housing. To replace the existing stock with new housing, at the current rate, would take over 100 years. We don’t have 100 years. 

In the European market 220 million homes have to be renovated in order to be aligned with the Paris Agreement, each with a renovation cost of roughly €20,000 - €30,000. This is a huge amount of resources that has to be located by both private capital markets and public entities. 

What proactive steps has the UK taken in the fight against climate change: 

At the end of 2021, the UK government announced that 15 million homes were rated as below band C on their Energy Performance Certification. The estimate for converting these homes to meet an EPC target of C is £65bn. 

Newly rented properties will have to have an EPC rating of at least C, which is expected to cost landlords £10,400 per property on average. 

By 2030 all rented commercial properties will have to have a minimum EPC rating of B. 

 

Subscribe to watch

Access this and all of the content on our platform by signing up for a 7-day free trial.

Luca Bertalot

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.

There are no available videos from "Luca Bertalot"