Financing
Are there any public or private “green” financing initiatives for sustainable real estate projects?

The French government recently enacted measures to contribute financially to the renovation of existing official buildings. As such, the French Banque Publique d’Investissement, a French public investment bank, was created to finance these renovation projects.

Individuals are also encouraged to renovate their houses to install low-energy consumption systems. Public aids and tax credits have been created for this purpose. Among them is the “MaPrimeRénov’” or the “Éco-prêt à taux zéro” (zero-rate loan for the renovation of existing buildings and housing). In addition, the VAT rate was reduced to 5.5% for energy-reduction work and repairs.

The French National Agency for Habitat (Anah) took the initiative of helping low-income owners/occupiers improve the thermal characteristics of their buildings. Under certain conditions, some financing aids may be granted.

Private funding initiatives are also available. For example, energy suppliers, such as the EDF-GDF, provide financing for purchasing green heating systems.