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Supporting the energy efficient rehabilitation of the building stock – The German experience. Brussels, 16.11.2010. Information and Consulting. Promotional Programmes. climate action plan. 50%. share of KfW‘s programmes. 15%. CO 2 reduction targets 2008 - 2012 housing sector. 28%.
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Supporting the energy efficient rehabilitation of the building stock – The German experience Brussels, 16.11.2010
Information and Consulting Promotional Programmes climate action plan 50% share of KfW‘s programmes 15% CO2 reduction targets 2008 - 2012 housing sector 28% 7% 27,5% EnEV German Energy Conservation Ordinance Energy Prices Framework
Energy Efficient Construction and Rehabilitation New building Building stock Energy-Efficient Construction Energy-Efficient 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 ownersof 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 Higher energy efficiency means better conditions
KfW Efficiency House Standard Primary Energy Demand (kWh/a) KfW-115 = 115 % of NL ca.108-63 kWh/a KfW-100 ca. 94-55 kWh/a = 100 % of NL KfW-85 ca. 80-47 kWh/a = 85% of NL KfW-70 ca. 66-39 kWh/a = 70 % of NL KfW-55 ca. 52-30 kWh/a = 55 % of NL KfW-40 ca. 38-22 kWh/a = 40 % of NL Abbreviations: NL = New Building Level according EnEV
KfW ‘s On-Lending-Principle Capital market refinancing loan (maturity e.g. 20 years) loan to homeowner (maturity e.g. 20 years) Funding Bank Individual homeowner AAA-Rating Interest rate: 1.90%* Interest rate: 2.65%* max. Interest subsidy Margin for credit risk and handling 0.75%* max. German Government or KfW * p.a. eff.
Volumes and Impacts 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
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 EuropeTel.: ++49 69 7431 3831 gudrun.gumb@KfW.de