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Homeowner appalled by sharing the carbon price | message

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, Homeowner appalled by sharing the carbon price | message, Forex-News, Forex-News

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, Homeowner appalled by sharing the carbon price | message, Forex-News, Forex-News

By Andreas Kißler

BERLIN (Dow Jones) – The association of private house, apartment and landowners Haus & Grund has expressed “appalled” about the division of the CO2 price stipulated by the government in its climate protection law and threatened legal remedies. “The fact that landlords now have to bear 50 percent of the CO2 costs caused by tenants is unacceptable,” said association president Kai Warnecke. The landlord has no influence on how much the tenant heats or how much hot water he uses.

“In terms of climate protection policy, this decision is therefore counterproductive,” he said. “The money that the landlord has to spend on the CO2 price will not be available for energy-efficient renovations in the future.” Warnecke announced that this regulation would be examined under constitutional law. He also reckons that many landlords will now have to increase rents in order to be able to compensate for the additional financial burden.

“The government decision will lead to a deeper division in society,” he predicted. The government obviously wants to shift the heavy burden of the energy transition in the building stock onto the 3.9 million private landlords. At the same time, they are deprived of their financial basis through excessive rental regulations.

For its part, the BFW Federal Association of Independent Real Estate and Housing Companies warned of new hurdles in climate protection in the building sector. “The decision taken today by the federal government to share the costs of the CO2 price will be a brake on investment for many landlords,” said BFW President Andreas Ibel. “Politicians are clearly setting incentives to save energy in the wrong place.” Owners and investors are not responsible for the individual electricity and heat consumption of tenants, he also explained. Solutions that take user behavior and actual consumption data into account are decisive.

“Instead of increasing costs for landlords, politicians must create targeted investment incentives through subsidy law,” demanded Ibel. Investments must also remain economical in the future. Particularly with a view to the ambitious goals for climate protection, it is important not to overburden landlords financially either. “If investments in energetic renovation measures don’t pay off, we won’t make any headway on the way to a climate-neutral building sector,” warned Ibel.

Contact the author: andreas.kissler@wsj.com

DJG / ank / smh

(END) Dow Jones Newswires

May 12, 2021 7:43 AM ET (11:43 GMT)

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, Homeowner appalled by sharing the carbon price | message, Forex-News, Forex-News

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