Approximately 20% of U.S. emissions stems from heating, cooling, and electricity consumption by residential households.

Another 10% of U.S. emissions is associated with commercial building fuel and electricity consumption. Buildings have gradually become more energy efficient, yet the expansion of the building stock and the tendency to occupy larger homes has led to stagnant emissions from the sector.

Who "owns" these household and commercial buiding emissions?

Lenders and homeowners share responsibility for the emissions of US homes. For the homeowner, these emissions represent Scope 1 & 2 emissions. For the lender these a Scope 3 emissions. The emissions alloted to the lender is the pro-rata share share corresponding to the debt that is outstanding on the mortgage.

ClearlyEnergy uses its proprietary Automated Energy Model to help lenders measure the greenhouse gas footprint of their loan portfolios, including residential mortgages, commercial building loans and auto loans. The methodology provides a breakdown of emissions by type of loan, scope level and provides reporting following the Principles for Carbon Accounting Financials. Some of the largest U.S. lenders use ClearlyEnergy to evaluate the carbon footprint of their loan portfolios.

Learn more about the Principles for Carbon Accounting Financials: https://carbonaccountingfinancials.com/