Use energy crisis as chance to save it, environment agency tells Germans

FRANKFURT, June 30 (Reuters) - Turning building heating down by two degrees and limiting driving speeds could immediately cut energy consumption and avoid a supply crisis if Russia stopped delivering gas and oil, Germany's environment agency said on Thursday.

While the country's industry, power utilities and fuel suppliers are wary of cuts to Russia's energy exports in the wake of its invasion of Ukraine, the agency argues energy savings could lessen the angst and economic damage, while helping the climate.

A study by the Umweltbundesamt agency, which reports to the environment ministry, proposed turning down buildings' heating and limiting speeds to 100 km per hour on motorways, 80 kph on other roads and to 30 kph in towns and cities.

Through these measures, buildings could use 10% less energy and road traffic use 7% to 9% less, the study said.

Together, the two sectors account for well over half of all energy consumption and each for 20% of the annual carbon dioxide emissions in Europe's biggest economy.

They still exceed their CO2 targets whereas industry and agriculture have met theirs.

Apart from the two immediate measures, companies could also encourage working from home, which has already become commonplace during the coronavirus pandemic, and promote commuting by public transport, said UBA president Dirk Messner.

Beyond winter, "(the government) should provide funding for technologies that improve efficiency in the building sector, such as heat pumps for homes and district heating systems in cities and towns," Messner said.

The agency also suggested launching a training offensive to address a big challenge to modernisation, the scarcity of skilled workers.

Germany last year reduced CO2 emissions by 39% compared with 1990 but aims to reach a 65% reduction by 2030.
Reporting by Vera Eckert, Editing by Tomasz Janowski

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.