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Energia21 Members Welcome Gov't Home Renovation Scheme

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Members of Energia21, an initiative to accelerate the transition to a green economy, welcomed the recent announcement of a subsidy scheme to support home energy efficiency improvements. 

It has recommended the government draw on the program results to advance similar investments supporting the population with an eye to environmental, social and economic factors after a meeting yesterday, according to a press release. 

Energia21 members also pointed to the need to draft a model incentivizing companies to weigh environmental criteria; they said local lenders could contribute to the endeavor by playing a more significant role and setting an example. 

They also recommended conditions for promoting green financial products that would support a broader reach across society. National Bank of Hungary Deputy Governor Csaba Kandrács, OTP Bank deputy CEO Péter Csányi and MBH Bank deputy CEO Levente Szabó delivered presentations at the Energia21 meeting.

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