Adjusting the German housing fund to the climatic goals by 2050. It will cost € 1,400 billion, the insurance of Allianz and credit insurance of Allianz Trade in the study published on Tuesday.
The summary cost of climate adjustment of housing towards zero emissions, the four largest European economies – Germany, France, Italian and Spanish – will cost around 3,000 billion.
“Decarbonization of the housing sector is a difficult challenge we have to face,” Arne Holchausen researcher said. “As soon as possible, that better.”
Residential buildings in Germany broadcast about 14 percent of their carbon dioxide, state the authors of the study. This housing makes it a relevant factor for production of greenhouse gases and an important area of climate transition.
The German law now prescribes that each new building must obtain at least 65 percent of energy needs from renewable sources, investor me. The owners of the apartments, however, complained of large costs and the new government announced the abolition of that law.
Since it is still completely unclear what regulations are planning, it is likely that the regulations will still remain such as they are.
Climate adjustment of the apartments will raise the price of real estate by 0.5 percent, but it is profitable investment, the authors of the study were assessed.
“Only in Germany until 2050. 1,000 billion euros will be created, about 107,000 new jobs will be opened,” Holzhauzan said.
