A Berlin-based start-up is to renovate apartment buildings in the German city of Bochum, giving them a tailored wooden “second skin” to make them more energy efficient.
The project by Ecoworks reflects growing demand for climate-friendly and energy saving renovations in response to Germany's energy crisis that has caused a surge in heating costs.
Now that is changing because of the rising energy prices and a new law that splits a CO2 levy between tenants and landlords depending on buildings' efficiency. Buildings account for 35% of total energy consumption in Germany, Europe's biggest economy, where almost a third of its 19.25 million residential buildings have the lowest and next to lowest rankings on energy efficiency, a study by the GdW housing and real estate association showed in February.
A shortage of construction workers and lengthy renovation processes are additional barriers that make landlords hesitant to take on such projects.
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