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Germany earmarks up to $14 billion to make buildings more energy-efficient

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Reuters UK

BERLIN (Reuters) – The German government plans to earmark 13 billion to 14 billion euros ($13.17 billion-$14.18 billion) per year in subsidies for renovations to make buildings more energy-efficient, the economy ministry said on Tuesday. As Germany prepares to become climate neutral by 2045, Berlin has been stepping up subsidies for renovations, with the government funding refurbishments worth about 9.6 billion euros so far this year. But rising energy prices and gas supply bottlenecks triggered by Russia’s invasion of Ukraine have pushed Germany to further accelerate the pace towards more ene…

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