Green mortgages set to take off as US makes homes fit for future
Hindustan TimesBy Carey L. Biron With billions of dollars in US federal subsidies soon expected to start flowing in a push to make housing more sustainable, some experts expect interest in green mortgages to boom. "In my mind, mortgage lenders and Realtors are a hidden weapon to help fight climate change, and these green mortgages are the way we'll help make this happen." A $2-TRILLION MARKET Consumer green lending in general has been rising, said Neda Arabshahi, senior vice president of the Inclusiv Center for Resiliency and Clean Energy, which works with credit unions in under-served markets. The energy think tank RMI estimates a $2-trillion green mortgage market could grow within a decade, upgrading 8.7 million homes – saving consumers about $12 billion and averting 57 million tons of carbon emissions.
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