At the beginning of 2021, the German national emissions trading system, hereafter "nEHS" (Brennstoffemissionshandelsgesetz – BEHG) started, introducing the pricing of CO₂ emissions for the heating and transport sectors. The principle is simple: for every tonne of CO₂ that is emitted from the combustion of oil and gas, an "nEHS" certificate must be surrendered. From January onwards, CO₂ tax on the consumption of oil and gas in a property will no longer be borne solely by tenants. Landlords will also be asked to pay. The lower the energy efficiency rating of the building, the higher the share of tax to be incurred by the landlord. How much the landlord will ultimately have to pay will vary and depends on the amount of CO₂ emissions per square metre of the building. For flats with a particularly poor energy efficiency rating, landlords are to bear 95 per cent and tenants five per cent of the CO₂ tax for instance, as shown below.

Thank you for joining Part 1 of our Two-Part Webinar Series "Lessons Learnt from Supporting the Processing of €150m of Sustainable Energy Asset Deals". The focus was on specific case studies from Alistair Brown of LUMENSTREAM and Peter Radford of Amber Infrastructure Limited to review their experiences and key learnings from LAUNCH, and we introduce the PROPEL project, a successor project to LAUNCH What we have learned so far: The key factors that led to LAUNCH’s success with financing and deal closure Experience bundling and financing projects from a project developer The point of view of a financial fund on financing energy efficiency How you can actively engage within PROPEL