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Green home owners are able to save money on utilities and be more competitive when selling. Banks are starting to recognise this reduction in risk by offering green home loans. Globally, a green mortgage is offered by banks to give house buyers better terms, as long as they can prove that the property for which they are borrowing meets certain environmental standards. In South Africa there is currently one commonly accepted rating of residential homes, the International Finance Corporation’s (IFC) Excellence in Design

South Africa’s greenhouse gas emissions rank among the top 20 in the world and contribute 1,8% to global emissions. The country is also responsible for 42% of Africa’s emissions. To counter these grim figures, tax allowances have been made for certain environmental actions. Section 37B of the Income Tax Act was introduced at the end of 2007 and provides for the deduction of capital expenditure in respect of environmental treatment and recycling assets and environmental waste disposal assets. Environmental treatment and recycling