Energy Transition

Energy Transition

The real estate industry and the energy transition

At the end of 2015, 195 countries jointly committed to a global climate policy through the Paris Climate Agreement. Austria continues to firmly support the trend toward renewable energy and energy efficiency.

Even though the Austrian real estate industry’s increasing fascination with digitalization and automation will cause energy consumption to rise in the coming years: the energy transformation is to become a reality by 2050. In Austria, wind, sun and water will be the primary energy sources.

 

Four key areas of action

Outlook

To supply Austria with power entirely from renewable sources, specifically 80 percent from solar and wind energy and the rest from water power, the diverse action areas need to be closely aligned with one another.

If Germany is to achieve its goal of generating some 50 percent of electricity from renewables by 2030 – and 80 percent by 2050 – the proposed courses of action will have to be closely coordinated. Organizing this process as an element of the national economy is the role of government – as is securing finance for the necessary grid expansion. Transregional power transmission lines as well as regional and local distribution networks will have to undergo a massive upgrade to be in a position to handle the growing amount of decentrally generated green electricity. The current subsidies for green energy will have to be adjusted in proportion to their contribution to overall power supply.

When related to the energy transition, ‘the blue way’ means subordinating individual interests to a goal-oriented common process, whereby targets are regularly reviewed and, if necessary, optimized during the course of the process. Rigid adherence to existing rules and guidelines will not lead to success.