Germany Drops Planned Building Energy Rules to Aid Slumping Construction Sector

Germany scraps plans for stricter building insulation standards to help prop up struggling construction industry.
Move comes ahead of meeting between industry and govt leaders with Chancellor Scholz on Monday.
Industry says insulation measures too expensive, further dampen depressed building sector.
Sharp rise in interest rates has halted property boom in Germany.
Industry asking govt for aid package including tax cuts and credit program to offset high rates.

reuters.com

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9/25/2023

Germany Drops Stricter Energy Rules for Buildings, Pledges Billions for Housing Instead

Germany's government has agreed on a 14-point plan to address the housing crisis, which includes putting stricter building insulation standards on hold and investing €18 billion in the sector by 2027. However, the plan has faced criticism from the construction industry and environmental groups.