Supporting the energy efficient rehabilitation of the building stock – The German experience Brussels,
2 Framework Promotional Programmes Energy Prices EnEV German Energy Conservation Ordinance Information and Consulting 7% 27,5% 15% 50% share of KfW‘s programmes 28% CO 2 reduction targets housing sector climate action plan
3 Building stockNew building Energy Efficient Construction and Rehabilitation promotional loans max EUR per housing unit KfW-Efficiency House standard five promotional stages partial debt relief possible grants as an alternative for owners of single and two family houses additional special support available promotional loans max EUR per housing unit KfW-Efficiency House standard three promotional stages partial debt relief possible Energy-Efficient ConstructionEnergy-Efficient Rehabilitation Higher energy efficiency means better conditions
4 KfW Efficiency House Standard Abbreviations: NL = New Building Level according EnEV Primary Energy Demand (kWh/a) ca kWh/a ca kWh/a ca kWh/a = 85% of NL = 70 % of NL = 100 % of NL = 115 % of NL = 55 % of NL ca kWh/a ca kWh/a KfW-115 KfW-85 KfW-100 KfW-70 KfW-55 = 40 % of NL ca kWh/a KfW-40
5 refinancing loan (maturity e.g. 20 years) loan to homeowner (maturity e.g. 20 years) Interest rate: 2.65%* max. Bank Individual homeowner Interest rate: 1.90%* Margin for credit risk and handling 0.75%* max. German Government or KfW Capital market Interest subsidy Funding * p.a. eff. KfW ‘s On-Lending-Principle AAA-Rating
6 Capability of energetic renovation in Germany ● 39 m housing units ● 75% built before 1979 ● potential of renovation 20 m housing units Programme started in 2001 ● More than loans ● Commitment volume of 31 billion euros ● 1,5 m housing units Macroeconomic Evaluation since 2006 ● Sustained CO2 reduction of 3,9 m tons p.a. ● Investments of 51 bn euros ● On average jobs per year safeguarded or created ● Accumulated Savings in heating costs of 950 m euros Volumes and Impacts
7 Factors of success Open to all investor groups Focus on long term loans A brand for energy efficiency Higher energy efficiency is rewarded Distributional network and Funding
Thank you very much! Gudrun Gumb Vice President, Business Policy Europe Tel.: