Commercial Real Estate Has An Emissions Problem


  • The construction and built world industry contributes to 40% of global energy-related carbon emissions, with emissions predicted to double by 2050.
  • Europe leads in green construction technology investments and boasts pioneering regulations in building standards and sustainability.
  • Addressing emissions in the built world requires innovative approaches in the supply chain, construction materials and techniques, and building management.

Construction

It’s been eight years since world leaders came together in Paris and pledged to reduce emissions to net zero by 2050. Eight years of being told to ditch plastic, ditch meat, and ditch cars. Eight years of billion-dollar investments into measures that are at best distractions, at worst self-sabotage.

I’m talking about the capital flowing into meatless burgers and alternative milks, paper straws and e-scooters, all presented as urgent efforts to tackle climate change. 

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Yet for eight years, temperatures have continued to hit record highs. 

This summer in Europe, as with last summer, extreme weather has caused wildfires that have destroyed homes, businesses and communities. In the last 12 months, catastrophic flooding has hit Pakistan and Canada. Focusing on the wrong targets – like making an all vegetarian population – will not help, certainly not in time. We need to reprioritise and tackle sectors that have a much bigger impact.

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