An international coalition of green building organisations, including the Building Research Establishment (BRE), has launched an initiative to expand sustainable finance in the construction industry.

The report highlights that 75% of buildings fail to meet sustainability standards, urging more investment to support decarbonisation, as buildings account for 21% of global emissions.

Key recommendations include developing policy frameworks, creating performance-based criteria, and establishing universal decarbonisation standards.

The UK Green Building Council reports that finance is now the main barrier to green building in the UK, advocating for £64bn in government investment for retrofit projects to meet net-zero goals by 2050.