German construction sector to miss climate targets: study-Xinhua

German construction sector to miss climate targets: study

Source: Xinhua| 2024-06-21 22:45:00|Editor: huaxia

   BERLIN, June 21 (Xinhua) -- Germany's building sector is set to miss the national goal of climate neutrality by 2045 under current conditions, according to a study published by consultancy company S&B Strategy on Friday.

   The study attributes this setback mainly to a shortage of skilled labor. In particular, the required energy-efficient refurbishment of existing buildings cannot be achieved in time.

   "There is simply a lack of the necessary tradespeople to carry out the refurbishment work in full," said Fabio P. Meggle, co-author of the study. He said the capacity bottlenecks jeopardize Germany's entire climate strategy.

   Around two-thirds of the sector's CO2 savings potential could be achieved through the energy-efficient refurbishment of facades, roofs, windows, and heating alone, according to the study. The required investments would add up to at least 1.2 trillion euros (1.28 trillion U.S. dollars).

   Around 15.7 million residential buildings in Germany have not been renovated or only partially so, since they were built. About 1.7 million non-residential buildings in the country were constructed before 2001, and are therefore potentially in need of refurbishment.

   The lack of workers will not disappear overnight. Many tradespeople are set to retire in the coming years, while Germany also faces a shortage of young trainees. It is important to "drastically increase" productivity in the construction sector, S&B Strategy said. (1 euro = 1.07 U.S. dollar)  Enditem