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Green transition in building sector: A $1.8 Trillion opportunity to reduce carbon emissions

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Green transition in building sector: A $1.8 Trillion opportunity to reduce carbon emissions

04 July 2024
Transitioning the building sector to greener practices can significantly reduce carbon emissions and unlock $1.8 trillion in global opportunities through sustainable innovations and collaborative efforts.
Editorial Team

The building value chain is a significant contributor to global carbon emissions, responsible for 37% of the total. Transitioning to greener practices can unlock $1.8 trillion in global market opportunities and provide environmental and social benefits. 

This transition involves adopting sustainable construction materials and methods, such as energy-efficient designs and advanced energy management systems, exemplified by projects like Beijing's Taikoo Li Sanlitun and Seattle's Bullitt Center. 

Collaborative efforts among stakeholders to set standards, build flagship projects, implement supportive policies, and innovate are essential to drive the green transition. This approach is critical as the climate crisis intensifies and urbanisation continues globally.

Gim Huay Neo, Yvonne Zhou
Original source:
Themes
Smart Building technologies
Nearly zero-energy buildings
Financial support for energy efficiency in buildings, research and innovation
Energy efficiency technologies and solutions
Construction materials and circular construction
Renewable Energy Sources (RES)
Green Building Solutions
Heating, Ventilation and Cooling