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A lens on Australia to reflect globally: sustainable buildings means affordable buildings
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Oceania
A lens on Australia to reflect globally: sustainable buildings means affordable buildings
15 July 2024
Australia faces climate and housing crises, and financial institutions can promote sustainable, affordable housing through green bonds and mortgages, significantly reducing emissions and costs.
Editorial Team
Australia is grappling with climate change and soaring housing costs. Financial institutions are crucial in addressing these issues by promoting sustainable buildings.
The UN's ‘Banking on Green Buildings’ report suggests green bonds and mortgages for eco-friendly construction. Buildings account for significant energy use and emissions in Australia. Rising costs and limited affordable housing strain communities, with energy-efficient buildings offering a solution by reducing living expenses and mortgage default risk.
Global examples show successful green financing, such as NAB's Green Finance and Bank Australia’s Clean Energy Home Loan. Sustainable construction investments present a $1.5 trillion opportunity, aiding Australia’s net-zero emissions target by 2050.
