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MIL OSI Translation. Region: Germany / Deutschland –

Source: Federal Ministry for Economic Affairs and Energy

10/09/2020 – Joint press release – Energy transition in the building sector

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Good news for the climate and home builders: at its meeting yesterday, the budget committee of the German Bundestag approved additional funds for the building subsidy programs of the Federal Ministry of Economics. The CO2 building renovation program and the market incentive program (MAP) for renewable energies will receive a total of around 2.2 billion euros. The financing of the extremely successful programs is thus finally secured for the current year. For the coming year, a merger of the existing programs in the new “Federal Funding for Efficient Buildings” (BEG) with corresponding funding is planned. In order to implement the climate protection program 2030, the Federal Government had extensively amended the programs at the beginning of the year, including by increasing the funding rates in the program lines “Energy-efficient construction and renovation” (EBS) of the KfW banking group belonging to the CO2 building renovation program and the introduction of the oil exchange bonus in the “Heating with Renewable Energies” program of the Federal Office of Economics and Export Control (BAFA) as part of the MAP. The improvement in subsidy conditions has achieved its goal in the past few months and has triggered a sharp increase in investments in energy efficiency and the use of renewable energies in the building sector. This wave of investment in the building sector has also led to a corresponding increase in the number of subsidies in the programs. In the “Heating with Renewable Energies” program, BAFA expects the number of applications to triple in 2020 from approx. In the EBS programs, the number of residential units renovated by August this year increased by around 40 percent compared to the same period in the previous year. In the first half of 2020, loans and grants totaling 14.5 billion euros were committed in the EBS programs alone; According to KfW calculations, investments of up to 38.5 billion euros have been triggered. The additional budget funds approved yesterday ensure that the programs can be fully continued in the coming months. This is also essential in view of its economic supportive effect: In the ongoing COVID-19 pandemic, the federal government’s building subsidy is not only making an important contribution to climate protection, but also securing numerous jobs in medium-sized businesses, the construction industry and the skilled trades.

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

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