Environment

Buildings account for 39% of global greenhouse emissions

The buildings and construction industry is one of the world’s most polluting sectors accounting for 39% of global greenhouse emissions presenting an investment opportunity for investors.

According to the UN Global data on Buildings and Construction: Towards a zero-emission, efficient and resilient buildings, and construction sector; the industry currently represents 39% of global greenhouse emissions.

And therefore, investing in sustainable buildings and tech will offer a real solution to reducing emissions in one of the world’s most polluting sectors.

Nearly one-third (28%) of the global total is the result of running buildings-operational emissions, while 11% is from building materials and construction.

“Many people think that it’s the transport sector, it’s methane, it’s food that is a big driver, but it’s the built environment,” Avi Naidu co-founder and managing director of Taronga Ventures told a news outlet.

Taronga Ventures focuses on sustainable innovation and tech within real estate and construction.

“There is a misconception in markets and particularly from landlords [that], it will cost more. Absolutely, as technology is first introduced it sits higher on the cost curve, [but] as it gets more widely adopted we see it go further and further down the cost curve,” he said.

“We’re also starting to see consumers and investors pay a premium for products and assets that are ESG (Environmental, social, and governance) aligned and much more sustainable,” he continued.

“So a lot of the cost is being increasingly mitigated by the ability to command greater rents, greater asset values, and that’s really how landlords should be thinking about it.” 

Investing in green building solutions across the value chain such as design, construction, operations, and repurposing and ultimate destruction of buildings will help to decarbonize the world economy.

The building and construction industry ought to adopt different materials, concrete, methodologies that make the process safer, smarter and more efficient from a carbon perspective.

Also read,

World countries significantly off schedule to meet the Paris Climate Accord, UN report

The world’s largest direct carbon capture plant goes operational

China built the world’s fastest train

New technology ‘Urban InVEST’ software to help in designing more resilient cities



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