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Surge in ‘green’ loans as consumers rush to counter energy hikes

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Surge in ‘green’ loans as consumers rush to counter energy hikes There has been a rise in homeowners taking out green loans from banks and credit unions. Experts said consumers were rushing to upgrade their homes and move to EV cars to increase energy efficient to counter some of the impacts of rising energy prices. Banks said what they call green lending has reached a record high. Green personal ...
The surge in green loans may be driven by several factors. Firstly, rising energy prices have made it more expensive for households to maintain their current energy usage. Secondly, consumers may be seeking to reduce their carbon footprint and become more environmentally friendly by investing in energy-efficient technologies such as EVs and insulation. This trend could have significant implications for the Irish economy and the environment, as increased demand for EVs could lead to a shift away ...