Homeowners and renters face higher prices in 2027

by time news

2024-09-25 12:59:43

One group warned of “serious financial consequences” for homeowners and renters. It’s about CO2 pricing.

Berlin.

Households could face sharp price increases from 2027 onwards. The reason is the correction in CO2 price. The introduction of European emissions trading for fuels could have “significant financial consequences” for building owners and tenants, according to a study by the Munich Research Institute for Thermal Protection on behalf of the Federal Association for Building Envelopes Building Power. This applies even to houses with poor energy.

“The poor energy situation of many buildings in Germany will take its toll from 2027,” said Jan Peter Hinrichs, managing director of the Federal Association for Energy-Efficient Building Envelopes, which represents suppliers of insulation materials and window. “Many owners and tenants will face high additional costs because the facade, roof and windows are outdated. In the worst case, this can amount to several thousands of euros per year .” A new rehabilitation system is urgently needed in Germany to protect the population from significant additional burdens. The federal government must once again focus on incentives for measures that reduce the energy requirements of buildings.

Inefficient buildings as an “incalculable cost risk”?

National CO2 pricing currently applies to the housing and transport sectors. The price of CO2, currently 45 euros per tonne, will rise to 55 euros next year. From 2026, emissions trading will start with a fixed price corridor – this provides for a minimum price of 55 euros for a so-called emission certificate and a maximum price of 65 euros .The country’s emissions trading is to change to a European emissions trading system for buildings and transport in 2027.

Study author Andreas Holm from the Research Institute for Heat Protection said it was already possible that the European emissions trading system would not provide enough emission certificates for the building sector. High CO2 prices are to be expected. Many buildings with poor energy efficiency classes can become an “incalculable financial risk” for their residents and owners.

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