The bank estimates just 1-2% of buildings in the country are made with biobased materials but expects this to grow with government incentives.
Alba Concepts, a real estate consultancy, will verify a building’s environmental rating and the carbon-storage capability of a building’s materials. According to Time magazine, buildings rated A++++ qualify for a rate 0.15% lower than buildings rated B. Buildings rated A++++ that also use plant-based materials qualify for a further 0.15% rate discount. Triodos offered the country’s first energy efficiency mortgage in 2012 and in 2020 ceased offering full mortgages on buildings with poor energy ratings.