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KfW Development Bank Promoting Energy Efficiency in Buildings Claudia Loy Asia Pacific Union for Housing Finance New Delhi, 31 January 2012.

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Presentation on theme: "KfW Development Bank Promoting Energy Efficiency in Buildings Claudia Loy Asia Pacific Union for Housing Finance New Delhi, 31 January 2012."— Presentation transcript:

1 KfW Development Bank Promoting Energy Efficiency in Buildings Claudia Loy Asia Pacific Union for Housing Finance New Delhi, 31 January 2012

2 2 Agenda 3 The International Perspective Southeast Europe – Promoting EE in SME and Housing India – Energy Efficiency in New Residential Housing China – Energy Efficient Refurbishment of Residential Housing The German Way 2 KfW at a Glance 1

3 3 Promotion of developing and transition countries International Business Promotion of housing and education Promotion of SMEs, business start-ups and environ- mental & climate protection Financing of municipal infrastructur e projects and promotion in Europe Domestic Promotion We promote Germany International project and export finance We ensure inter- nationalisation We promote development Promotion of Environmental and Climate Protection KfW Public Promotional Bank with Wide Array of Functions

4 4 Commitments in 2010: EUR 25,3 billion for environmental and climate protection EUR 23 billion for energy efficiency (EUR 11.5 bn) and renewable energies (EUR 11.3 bn) KfW is the no. 1 Environmental Bank in Germany and one of the worlds leading financing institutions for EE and RE KfW A Strong Environmental and Climate Protection Bank

5 5 Agenda KfW at a Glance 1 3 The German Way 2 Southeast Europe – Promoting EE in SME and Housing India – Energy Efficiency in New Residential Housing The International Perspective China – Energy Efficient Refurbishment of Residential Housing

6 66 Legislation, Rules and Regulations, Technical Standards German Energy Conservation Ordinance (EnEV) System of Energy Efficiency Promotion Promotional Programmes Information and Consulting

7 7 "KfW-Efficiency House" – the performance standard for buildings in Germany! Making energy demand transparent! One of the essential elements for promoting EE in Housing

8 8 Primary Energy Demand (kWh/m 2 /a)* e.g. 108-63 e.g. 94-55 e.g. 80-47 = 100% of NL = 85 % of NL = 115 % of NL** = 55 % of NL = 70 % of NL e.g. 52-30 e.g. 66-39 KfW-55 KfW-100 KfW-115 KfW-85 KfW-70 = 40 % of NL e.g. 38-22 KfW-40 *Acctual values vary, depending on the reference building according to the German Energy Conservation Ordinance (EnCO) **NL = New Building Level according EnCO NEW BUILDINGSNEW BUILDINGS BUILDINGSTOCKBUILDINGSTOCK KfW Efficiency House Standard

9 9 Loan (maturity e.g. 30 years) Interest rate depending on efficiency standard Bank Individual homeowner Re- financing Margin for credit risk and handling 0.75% German Government Capital market Interest subsidy Funding + addl. repayment bonus (5% or 12.5% of principal) + addl. repayment bonus (5% or 12.5% of principal) + addl. bonus for construct. supervision (max. EUR 1,000) Promoting EE in housing – KfW in Germany Funding and On-lending system

10 10 Year Budget Subsidies (million ) Loan Commitments (million ) CO2- reduction (1000 tons p.a.) Housing Units (in 1000) Investments (million ) 20078503,3365682045,127 20081,3005,1277672808,552 20092,0358,6771,45261717,724 20101,3378,7461,04995321,330 Promoting EE in housing – KfW in Germany Results

11 11 Financial incentives based on energy performance of building - not individual measures Performance Assessment Tool robust and easy to handle Accepted Performance Standards or Label - more important than legal building codes Training of auditors High energy prices Key Elements of Success

12 12 THANK YOU! For more information, please contact: Claudia Loy, Head of Energy Sector and Policy Division Silke Hermes, Senior Project Manager KfW Development Bank, Energy - Asia, silke.hermes@kfw.de +49 69 7431 9786 KfW Office Building Westarkade, Electricity Consumption: 98 kWh/p.sqm/p.a.

13 13 Agenda KfW at a Glance 1 3 The German Way 2 India – Energy Efficiency in New Residential Housing The International Perspective China – Energy Efficient Refurbishment of Residential Housing Southeast Europe – Promoting EE in SME and Housing

14 14 Joint Assessment Tool developed by Fraunhofer Institute and TERI, India - Based on the whole-building-approach (Flexibility) - Robust energy performance assessment (Comparability) - Easy to use by architects and auditors (Scalability) - Easy to compare different EE design, material and technology combinations (Optimization) - Basis for Energy Efficiency Label (Communication) Promoting EE Buildings in India Results-based Tool and Label

15 15 Agenda KfW at a Glance 1 3 The German Way 2 India – Energy Efficiency in New Residential Housing The International Perspective China – Energy Efficient Refurbishment of Residential Housing Southeast Europe – Promoting EE in SME and Housing

16 16 Key Features: EE loan programmes for SMEs & Housing via various partner banks Average loan size: EUR 115,000 (SME), EUR 2,200 (Housing) No/ only slightly reduced interest rates Total loan volume: EUR 215 million (2010) Additional TA for Capacity Building & co-finance of energy audits target: minimum of 20% savings on energy Typical Measures for Energy Efficiency in Residential Buildings: High-performance windows; Installation of thermostatic valves; etc. Insulation of walls, roof and basement ceilings and pipe Modernization of hot water boilers and meters, heat systems; South East Europe Promotion of EE in SME and Housing

17 17 Agenda KfW at a Glance 1 3 The German Way 2 Southeast Europe – Promoting EE in SME and Housing India – Energy Efficiency in New Residential Housing The International Perspective China – Energy Efficient Refurbishment of Residential Housing

18 18 China Energy Efficient Refurbishment of Housing Blocks Starting Point: GiZ Pilot Scheme 3 pilot buildings in Tangshan (2006 – 2009) 30-50% reduction of energy demand for heating by thermal insulation of walls and roofs, double-glazed windows, refurbishment of heating systems Current stage: KfW Program Climate Protection in Urban Areas 2010-2012 Tangshan: Volume: 23.64 m, refurbishment of 800,000 m² Tonghua: Volume: 36.36 m, refurbishment of 1,100,000 m² Aim: 50-60% reduction of energy demand for heating CO 2 Reduction of 0,32 m tons per year agreement on high efficiency standards Choice of most cost-effective measures Know-how transfer & quality control during planning and implementation Before refurbishment After refurbishment 355 kWh/m²y 144 kWh/m²y GER: 220-260 kWh/m²y Germany: 90-120 kWh/m²y

19 19 HousingPublic BuildingsCommercial Buildings Southeast Europe EUR 30 million India EUR 50 million China EUR 60 million (in planning) Mexico EUR 85 million (in planning) South Africa EUR 50 million India EUR 50 million Jordan EUR 34 million Albania Turkey (in planning) China EUR 20 million Turkey EUR 30 million Southeast Europe EUR 35 million Croatia EUR 25 million Global: EUR 290 millionGlobal: EUR 150 millionGlobal: 150 million KfW Development Bank Promoting EE in Buildings Worldwide - Examples

20 20 Back-up

21 21 Founded in 1948 as promotional bank of the Federal Republic of Germany Shareholders: 80% Federal Republic, 20% federal states Headquarter: Frankfurt am Main Branches: Berlin and Bonn Representative offices: around 70 offices and representations worldwide Balance sheet total at the end of 2010: EUR 450 billion About 4,530 employees (2010) Top rating: AAA/Aaa/AAA Zero-weight under Basel II KfW Financing with a public mission

22 22 Total Commitments in the Energy Sector (cumulative 2006-2010): EUR 3,739 million of which renewable energy: EUR 2,281 million Commitments for Demand-Side Energy Efficiency since 2006:Asia 31 % Europe/Caucasus 27 % Latin America23 % KfW Development Bank Global Energy Sector Commitments 2006 - 2010

23 23 Loan (Eur 50 million) and Technical Assistance (EUR 1.5 million) to the National Housing Bank (NHB) as apex bank to refinance sub-loans for buyers of energy efficient new urban apartments Highest energy savings potential in new apartment blocks for middle income residents: 46-51% depending on climate zone - out of which 20-36% Building Envelope 16-22% Appliances Investments to achieve up to 40% savings financially attractive at 5 yr. payback (Average FIRR 25%) Preconditions for feasibility: - optimization of whole building design at planning stage - early contact to advise architects/developers - robust energy performance assessment tool - training of auditors and energy advisors Promoting EE Buildings in India Energy Efficient New Housing Programme

24 24 Early stage of implementation: Agreements signed 12/2010, first disbursement 07/2011, TA tender ongoing Five residential housing developments located in the composite climate zone being evaluated: 23 individual buildings assessed and optimized with the Fraunhofer/TERI assessment tool Energy efficiency certificates under preparation by TERI: Covering 17,000 apartment units to be built in the next 5 yrs with Savings of up to 2000 kwh p.a. per apartment; and Expected total savings of 22,000 tCO 2 p.a. Fraunhofer/TERI tool is being amended for the hot-dry and warm-humid climate zones (by November 2011) Promoting EE Buildings in India Promotional Programme Status

25 25 Next steps under the Programme TA: Establish the Energy Efficient Housing brand and label in the Indian market Train energy auditors and architects in the energy assessment of new residential buildings with the Fraunhofer/TERI tool Achieve EE assessment and certification endorsement by public and private institutions Continuous Challenges to the Promotional Programme: No mandatory minimum EE standard for residential buildings Multiple ministries and public agencies dealing with the residential building sector Lack of sustainable financial incentives to promote EE residential buildings Promoting EE Buildings in India Promotional Programme – Next Steps & Challenges

26 26 Apartment Developer Website

27 27 Pre-Constructed Housing Company Website

28 28 Construction Material & Pre-Constructed Housing Company Advertisement

29 29 Real Estate Agent Advertisement

30 30 Energy Efficiency House Label


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