Dramatic action will be needed by governments, cities, and business if the global buildings and construction sector is to cut its carbon footprint in line with international agreements, according to a new report released today by the Global Alliance for Buildings and Construction.
The 2018 Global Status Report – Towards a Zero-Emission, Efficient and Resilient Buildings and Construction Sector, highlights that emissions from buildings and construction may have peaked in the past few years, with energy efficiency gains in areas such as heating, lighting, and cooking, and with more offices and homes being powered by cleaner forms of energy. The study was written by the International Energy Agency and UN Environment.
[ Read: Clean Climate Environment News Magazine ]
Efficiency gains are also being realized through shifts towards energy saving technologies like heat pumps, improved windows and insulation, the use of less energy-intensive materials, and buildings design.
However, the report underlines that the buildings sector – a huge engine of the global economy – still accounts for a significant 39 percent of total energy-related CO2 emissions and 36 percent of final energy use.
The new report highlights an emerging gap between total energy efficiency spending – which increased by just over four percent in 2017 to USD 423 billion – versus rapidly growing total investment in building construction and renovations. This indicates a slow-down in the rate of energy efficiency investment as a share of total investment when compared to previous growth rates.
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