Recently updated on July 2nd, 2024 at 02:31 pm<\/p>","protected":false},"excerpt":{"rendered":"
The article concerns the capital prudential requirements of banks in the \u201chome mortgage\u201d sector to support the ecological transition in the construction industry. It develops a method for calculating capital reserves that combines the weighting of conventional financial risk with the environmental risk of mortgages. The proposal, which takes into account the technical screening criteria for “green buildings” as outlined in the EU Taxonomy Regulation, is based on an environmental risk indicator represented by external costs to society due to life cycle emissions related to building energy consumption. Disclaimer: The views expressed are those of the authors and do not involve the responsibility of the Bank of Italy or RSE.<\/p>\n","protected":false},"author":93,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"tags":[1305,1303,1332,1364],"targets":[],"pubblicazioni_tipologie":[773],"class_list":["post-188786","pubblicazioni","type-pubblicazioni","status-publish","hentry","tag-energy-efficiency-en","tag-energy-transition","tag-lca-en","tag-residential-sector","pubblicazioni_tipologie-isi-article-en"],"acf":{"dont_show_hompage":true,"projects":{"ID":188402,"post_author":"464","post_date":"2024-06-13 15:10:06","post_date_gmt":"2024-06-13 13:10:06","post_content":"","post_title":"Energy scenarios and governance support","post_excerpt":"Provide the authorities governing the energy system with technical support based on quantitative models and analysis in order to respond appropriately and optimally to the country\u2019s obligations of energy and climate planning and the definition of energy strategies for decarbonization.\nProvide useful assessments for the investments needed for the plan for National Ecological Transition.\n","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"energy-scenarios-and-governance-support","to_ping":"","pinged":"","post_modified":"2024-07-02 10:32:27","post_modified_gmt":"2024-07-02 08:32:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.rse-web.it\/progetti\/energy-scenarios-and-governance-support\/","menu_order":0,"post_type":"progetti","post_mime_type":"","comment_count":"0","filter":"raw"},"order_posts":"","dont_show_search":false,"related_posts":false,"show_on_slider":false,"single_post_data":{"titolo_spot":"","post_content":"
The need for a rapid and radical green transition assigns a key role to the financial system as the main source of financing for change. This debate also involves the development of banking regulatory tools capable of serving the transition. Building on previous work, we propose a method for calculating capital prudential requirements based on a weighting of bank assets that combines conventional financial risk with environmental risk.<\/p>\n
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The method is applied to the technical screening criteria for “green buildings” as envisaged by the EU Taxonomy Regulation, using an environmental risk indicator based on building energy consumption. Using data on energy certifications of buildings in Lombardy, we demonstrate how this tool can be calculated endogenously for the sections of the Taxonomy related to buildings (new constructions, building acquisitions, renovations), thereby showing its immediate applicability.<\/p>\n
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Finally, we conduct a stress test of the Italian banking system that demonstrates how our proposal would provide an effective incentive for banks to finance operations necessary for the ecological transition in the construction sector. Disclaimer: The views expressed are those of the authors and do not involve the responsibility of the Bank of Italy or RSE.<\/p>\n","scarica_file":false,"link_estreno":[{"link_text":"Download Publication","link":"https:\/\/www.mdpi.com\/2071-1050\/14\/3\/1633"}],"button":{"text":"","link":""},"referente_group":false,"data_emissione":"2022-01-30","autori":"L. Esposito (Banca di Milano), G. Mastromatteo (Universit\u00e0 Cattolica del Sacro Cuore), A. Molocchi, P. C. Brambilla, M. L. Carvalho, P. Girardi, B. Marmiroli, G. Mela (RSE S.p.A.)","destinazione":"MDPI Sustainability, 2022, 14, 1633","rif_rse":"21011702"},"satellite_post_url":""},"yoast_head":"\n