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Energy-efficient construction and renovation has positive impact on climate, economy and public coffers
Frankfurt (ots) -
- Jülich research institute estimates up to EUR 4.3 billion in additional net revenues for public budgets in the positive scenario - Programmes combine economic stimulus with energy efficiency and climate protection - EUR 18.6 billion in investment encouraged in 2011 - Energy savings of over 1,500 gigawatt hours
The KfW promotional programmes for energy-efficient construction and rehabilitation generate savings of up to EUR 4.3 billion in public coffers. On the revenues side the taxes and levies from businesses and employees associated with construction increase by an estimated EUR 4 billion. In addition, in the ideal case public expenditures can be expected to decline by up to EUR 1.3 billion due to lower unemployment. In comparison, last year the German Federal Government provided KfW with about EUR 1 billion in budget funds to subsidise these programmes. For every one of these invested "promotional euros", public budgets get back four to five euros. That is a finding of the new study carried out by the Jülich research institute on behalf of KfW Bankengruppe.
Through its extensive promotion of energy-efficient construction and rehabilitation totalling EUR 6.6 billion in 2011, KfW supported investments amounting to EUR 18.6 billion. The investment activity benefited regional craftsmen and building contractors in particular. Overall more than 250,000 jobs were secured or created for one year. The investments in 2011 helped save over 1,500 gigawatt hours of energy and 540,000 tonnes of greenhouse gas emissions.
"KfW's promotion of energy efficiency in the building sector has both ecological as well as economic benefits, which is what makes the programme so special: In addition to energy savings there are positive impulses for the local economy. Ultimately the state always benefits as well," said Dr Jörg Zeuner, Chief Economist of KfW Bankengruppe.
From 2012 to 2014 the German Federal Government is committing EUR 1.5 billion in funding each year for the KfW programmes to reduce CO2 and heating costs in buildings. Furthermore, the Federal Cabinet decided on 19 December 2012 to provide an additional EUR 300 million annually from 2013 to 2020 for further improving the KfW programmes. This increases the planning certainty of property owners. In particular private builders and owners as well as housing companies can attain reduced-interest loans at their regular bank, often in combination with repayment bonuses, or investment grants directly from KfW from the energy-efficient construction and refurbishment programmes supported by the Ministry of Construction. Through the Energy-efficient Refurbishment Programme builders can currently attain loans at an effective interest rate of 1.0 % p.a. and repayment bonuses of up to 12.5 %.
The study is available online at www.kfw.de under the area "Research/Evaluations" (only in german Language).
Information on the promotional opportunities can be obtained under www.kfw.de or at the Infocenter of KfW Bankengruppe by calling the telephone number 0800 539 9002.
KfW is modernising. A photo of the new logo can be downloaded under www.kfw.de/logo.
Further information on the KfW brand relaunch is available under www.bank-aus-verantwortung.de.