The EU project “GREEN Home” starts with the aim of decarbonising existing buildings and energy-efficient refurbishment for more climate protection

To achieve the climate policy goals by 2045, renovation rates must at least double and the annual investment volume for energy efficiency measures in residential buildings increased accordingly. There are around 42.5 million apartments in Germany, more than ten million of which are in homeowner associations. This means that around a quarter of the German housing stock is owned by the nationwide two million homeowner associations – more than allotted to cooperatives, municipal and private-sector housing companies combined.

The Association of Property Managers Germany e. V. (VDIV Germany), the German Business Initiative for Energy Efficiency e. V. (DENEFF), the Housing Initiative for Eastern Europe e. V. (IWO) and Funding for Future BV (F3) are starting their collaboration today with the “GREEN Home” project to promote the decarbonisation of the homeowner associations’ building stock of.

The floor spaces in homeowner associations, have an enormous savings potential for CO2 emissions of more than 70,000 tons per year: In order to tap this potential, enormous investments of at least 930 million euros per year will have to be mobilised in the next few years.

Please find the entire press release here.