Published by World Economic Forum:
Buildings account for 40% of carbon emissions. So real estate investors, developers and occupiers have a key role to play in the race to net zero.
Yet re-purposing existing old buildings, machinery and materials is an expensive game, involving thousands of suppliers, incentivized by low-cost solutions as opposed to low-impact solutions. No single stakeholder group, whether in the public or private sector, has the resources or capabilities to accomplish decarbonization in isolation.
As we tackle the decarbonization challenge, therefore, an ecosystem of partnerships needs to emerge between – property owners, investors and corporate occupiers, and national and city governments, academic institutions, employee groups and community organizations – to work together towards common sustainable targets.