Study: 1.4 Trillion Euros Needed for Climate-Friendly Conversion

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Germany's residential buildings account for around 14 percent of all CO2 emissions. According to a study, a climate-friendly conversion would cost around 1.4 trillion euros. However, it would still be worth it.

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Hamburg (dpa) – According to a study, the climate-friendly conversion of Germany's residential buildings by 2050 would cost around 1.4 trillion euros. "The decarbonization of the real estate sector is a very thick board that needs to be drilled," said Arne Holzhausen of Allianz Research. However, the earlier it is addressed, the better, he stressed with a view to a joint investigation by the insurance group Allianz and the credit insurer Allianz…

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The Federal Government does not provide any specific information on the costs of its plans to prevent CO2 emissions in its response to a small request from the AfD Group. The reason for this is that Germany is focusing on a "wide range of coordinated climate protection measures" in order to achieve the climate protection goals. In addition to reducing greenhouse gases, these measures served to strengthen competitiveness, social balance and long-…