News Digest Item
10 Aug 2018

Federal government should implement tax reform to spur necessary investments in building renovation – report

German Economic Institute (IW)

The federal government should reform its tax code to achieve the necessary rate at which residences are renovated to be made more energy-efficient in order to meet its goal of a nearly climate-neutral building stock by mid-century, the German Economic Institute (IW) writes in a report. In particular, a targeted tax measure should be established to motivate long-term homeowners to carry out energy renovations, according to IW.

Read the report in German here.

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