Supporting the energy efficient rehabilitation of the building stock – The German experience
Brussels, 16.11.2010
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Framework
Promotional Programmes
Energy PricesEnEV
German Energy Conservation
Ordinance
Information and
Consulting
7%27,5%
15%50%
share of
KfW‘s
programmes
28%CO2 reduction
targets 2008 - 2012
housing sector
climate action plan
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Building stockNew building
Energy Efficient Construction and Rehabilitation
promotional loans max. 75.000 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. 50.000 EUR per housing unit KfW-Efficiency House standard three promotional stages partial debt relief possible
Energy-Efficient Construction Energy-Efficient Rehabilitation
Higher energy efficiency means better conditions
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KfW Efficiency House Standard
Abbreviations:NL = New Building Level according EnEV
Primary Energy Demand (kWh/a)
ca. 94-55 kWh/a
ca. 80-47 kWh/a
ca. 66-39 kWh/a
= 85% of NL
= 70 % of NL
= 100 % of NL
= 115 % of NL
= 55 % of NL
ca.108-63 kWh/a
ca. 52-30 kWh/a
KfW-115
KfW-85
KfW-100
KfW-70
KfW-55
= 40 % of NLca. 38-22 kWh/a KfW-40
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refinancing loan (maturity e.g. 20 years)
loan to homeowner (maturity e.g. 20 years)
Interest rate: 2.65%* max.
BankIndividual
homeownerInterest
rate: 1.90%* Margin for
credit risk and handling
0.75%* max.German Government
or KfW
Capital market
Interestsubsidy
Funding
* p.a. eff.
KfW ‘s On-Lending-Principle
AAA-Rating
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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 520.000 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 200.000 jobs per year safeguarded or created● Accumulated Savings in heating costs of 950 m euros
Volumes and Impacts
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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.: ++49 69 7431 [email protected]