{"id":35436,"date":"2022-07-03T12:56:40","date_gmt":"2022-07-03T16:56:40","guid":{"rendered":"https:\/\/test.greenmoney.com\/2025\/?p=35436"},"modified":"2022-08-29T01:01:07","modified_gmt":"2022-08-29T05:01:07","slug":"the-challenge-of-decarbonizing-cities-and-real-estate","status":"publish","type":"post","link":"https:\/\/test.greenmoney.com\/2025\/the-challenge-of-decarbonizing-cities-and-real-estate\/","title":{"rendered":"The Challenge of Decarbonizing Cities and Real Estate"},"content":{"rendered":"
>> Back to July 2022 Issue<\/a><\/div>\n

\"CynthiaBased on government estimates, buildings account for 60% of carbon emissions in cities. And with more than 2.5 billion people moving into cities in the next 30 years, there is a responsibility to ensure that the real estate sector, and the permanency of buildings and our communities, are evolving and adapting in a sustainable way. This isn\u2019t only good for the planet \u2013 it also benefits job creation, health, and equality.<\/p>\n

As the world emerges from the pandemic and seeks to tackle multiple other pressing challenges ranging from war in Ukraine, food shortages, inflation, and cost-of-living pressures, it is vitally important we do not lose collective focus on the catastrophic risks posed by climate change.<\/p>\n

Global urbanization offers a time-limited opportunity to work towards widespread climate-resilient development and transformational adaptation. There needs to be an all-in approach in the built environment sector to deliver the critical 1.5o<\/sup>C pathway. A significant majority of the world\u2019s major cities have committed for all new buildings to be net zero by 2030 and all buildings to be net zero by 2050. But with approximately 80% of existing building stock set to still be standing in 2050, meeting this net zero goal is a huge challenge for the real estate sector.<\/p>\n

The real estate industry must play a central role in enabling companies, communities, and cities to deliver their net zero goals. It is encouraging to see that our industry\u2019s collective response is spearheaded by the growing number of net zero carbon commitments, as governments and companies act to limit global warming to 1.5o<\/sup>C. The urgency of which was reinforced by the IPCC\u2019s latest report<\/a> that calls for immediate, ambitious and sustained efforts to slash emissions. At the same time, the pandemic and continuing advances in technology have changed how and where we work, with long term implications for health, wellbeing, and inclusivity.<\/p>\n

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