Hard to believe: the end of the new building activity immediately?

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The press is saying today that the European Parliament has more or less immediately ended all building activity in Europe. The link leads to the original source here hin - a very long text with many references and references, it is tedious to read through.

Look at Article 7. It is headed “New Buildings”, its paragraph 1 reads:

“Member States shall ensure that new buildings are built from the following dates zero-emission buildings according to Appendix III are:

(a) from 1 January 2026 new buildings occupied, operated or owned by public authorities; and

(B) from January 1, 2028, all new buildings;

Until application of the requirements set out in the first subparagraph, Member States shall ensure that all new buildings at least near-zero energy buildings and meet the minimum energy efficiency requirements set in accordance with Article 5."

When asked if and how many such buildings already exist in Germany, ChatGPT reports the following:

“I don't have exact figures on how many buildings in Germany meet the stated criteria for zero-emission buildings. However, there are some studies and projects that show that the number of zero-emission buildings in Germany is increasing. For example, the KfW banking group reported in 2019 that it had funded a total of 2011 energy-efficient and low-emission buildings with a total volume of 5.800 billion euros since 9,1. In addition, there is a growing number of energy-efficient buildings and passive houses in Germany that are almost emission-free and meet the strict specifications for energy-related building assessments.”

5.800 buildings in an 8 year window is an average of 725 per year. 9,1 billion euros in funding for 5.800 buildings is around 1,57 million euros in funding per building.

According to the Federal Statistical Office, a total of around 2021 buildings were completed in Germany in 214.000. Of these, around 156.000 buildings were residential and 58.000 were non-residential. If these are all funded to the same average extent as the KfW-funded objects in the above time frame, this results in a funding amount of 336 billion euros annually. In 2022, Germany took in around 815 billion in taxes. 336 billion corresponds to around 41% of that.