This post was originally from The City Fix.
Reducing carbon emissions in buildings will be critical to achieving the Paris climate goals and achieving net zero emissions by 2050. Buildings represent 39% of global greenhouse gas emissions, including 28% in operational emissions and 11% in building materials and construction.
Global building floorspace is projected to double by 2060 and only 3% of investment in new construction is green and efficient, locking in high emissions for decades. The renovation rate for existing buildings is barely 1%, less than a third of the rate needed to meet the Paris climate goals.
While the decarbonization challenges for buildings are significant, so are the opportunities. Efficient, zero carbon buildings take advantage of available, cost-effective technology to reduce emissions while increasing health, equity and economic prosperity in local communities.