Germany’s heating debacle takes on even greater dimensions
The Federal Ministry of Economics, headed by politician Robert Habeck (Green party) has “GROSSLY MISCALCULATED” the cost of removing oil and gas heating systems from homes and buildings, and installing heat pumps in their place by 2045.
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Germany’s heat pump cost estimate is spiraling out of sight!
Instead of 132 billion euros cost by 2045 for HOUSEHOLD BUILDINGS, the real price tag will be a whopping 621 billion euros!
The total real price tag for ALL BUILDINGS will be 776 billion euros.
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“According to calculations by the property owners’ association Haus & Grund, Minister Habeck and his bureaucrats have miscalculated by several hundred billion euros,” reports the German online Pleiteticker.de here.
Habeck’s Federal Ministry of Economics erroneously estimated the costs for homeowners at around 135 billion euros by 2045, however “citizens will have to pay many times the calculated costs.”
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The president of Germany’s property owners’ association, Kai Warnecke, told Bild newspaper, “The target is 500 000 new heat pump systems a year, at an average turnkey cost of 40,000 euros per system.”
But the real number would have to be 1.5 million heat pump systems each year, if Germany wishes to reach its stated CO2 reduction 2045 target.
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Another huge mistake made by Habeck’s bureaucracy is forgetting that heat pumps have a lifetime of only 15 years, so already by 2038 the pumps installed today will start being replaced.
Habeck pledges to support citizens in replacing their oil and gas heating systems, but provides no details on the plan. The German government already has a big deficit. MORE DEFICIT SPENDING?
Kai Warnecke warns of the huge costs in the pipeline for Germans: “If we assume about 80 per cent of the buildings are in the hands of the citizens, they will have to pay about 620.8 billion euros of the total 776 billion euros.”
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Already critics are calling the proposed bill incoherent and feasibility of the financial and timely implementation of the project to be non-existent.
Many homeowners are already struggling financially from high electricity prices and high inflation and stagnant real wages.
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More than 1 trillion euros for a statistically insignificant climate benefit
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And when the costs of extensive home energy upgrades get added in, the total price tag soars to well over ONE TRILLION EUROS.
Yet, the impact on the globe’s temperature from Germany’s planned contribution will be statistically insignificant.
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