NEEM HUB

The aim of the Nordic Energy Efficient Mortgages (NEEM) Hub is to scale up lending to energy renovations in the Nordics to meet the EU green deal, as well as ambitious national climate targets... The model runs through all possible renovation scenarios to find the EPC label renovation that maximises net savings. The optimum energy label is defined as the energy label, that results in marginal savings on energy bills being equal to marginal capital costs of energy renovation. We also provide estimates of annual CO2 reductions and an increase in house value for the renovation recommendation.