The main goal of the Green House Price Index project is to understand the impact that climate change has on the value of a property and to be able to better understand how ongoing climate change will impact house prices in the future. Further to this, what impact does improving the energy efficiency of a home, in response to rising temperatures and energy prices have on the value of a home? We look to create a house price index that measures this change in a robust way and be used both internally within NatWest Group and externally to help improve the overall energy efficiency of NatWest Group’s current book as well as understand how the value of the book could change as result of climate-related factors, e.g. sea level rises, more intense storms in certain areas.
Participating members
- Prof. Gbenga Ibikunle
- Dr. Ben Sila
Partners
