Search Results for: net zero carbon

UK and other countries sign international pledge to cut carbon emissions from buildings

UK and other countries sign international pledge to cut carbon emissions from buildings

This declaration aims to facilitate a swift, equitable, and effective transition within the sector to lower carbon emissions from buildings.The inaugural Buildings and Climate Global Forum, organised by the French Government and the UN Environment Programme (UNEP) concluded last week.  Representatives from 70 countries adopted the Declaration de Chaillot, a foundational document for international cooperation. This declaration aims to facilitate a swift, equitable, and effective transition within the sector to lower carbon emissions from buildings. More →

Landlords and occupiers don’t see eye to eye on the decarbonisation of real estate

Landlords and occupiers don’t see eye to eye on the decarbonisation of real estate

Progress on the decarbonisation of real estate portfolios is being held back by a lack of understanding and collaboration between property owners and occupiersProgress on the decarbonisation of real estate portfolios is being held back by a lack of understanding and collaboration between property owners and occupiers, according to a new report from the Urban Land Institute C Change programme. If better alignment between the two parties is not prioritised, it has the potential to increase total emissions from the built environment over the medium to long-term as real estate decisions are often medium to long-term commitments, according to the authors. More →

It will take more than government funding for the world to reach net zero

It will take more than government funding for the world to reach net zero

The world needs up to $3.5 trillion of additional investments each year to reach net-zero and restore natureClimate finance was central to discussions at COP28 in Dubai and funding to reach net zero and restore biodiversity is still falling short. A new report from the World Economic Forum highlights the priorities for action and sets out how partnerships between organisations from the philanthropic, private and public sectors can create what it refers to as a positive domino effect, cut emissions at speed. More →

Massive investment programme needed to facilitate carbon neutral future, WEF report claims

Massive investment programme needed to facilitate carbon neutral future, WEF report claims

To facilitate the transition to a more sustainable and carbon-neutral future, $13.5 trillion in investments will be needed by 2050, particularly in the production, energy and transport sectorsTo facilitate the transition to a more sustainable and carbon-neutral future, $13.5 trillion in investments will be needed by 2050, particularly in the production, energy and transport sectors, according to a new World Economic Forum report. The Net-Zero Industry Tracker 2023, published in collaboration with Accenture, takes stock of progress towards net-zero emissions for eight industries – steel, cement, aluminium, ammonia, excluding other chemicals, oil and gas, aviation, shipping and trucking – which depend on fossil fuels for 90 percent of their energy demand and pose some of the most technological and capital-intensive decarbonization challenges. More →

Economies need to cut carbon emissions by 7 percent annually to hit Paris target

Economies need to cut carbon emissions by 7 percent annually to hit Paris target

In the lead-up to the UN’s COP28 climate conference, the world’s largest CEO-led community committed to accelerating the net-zero transition is calling on businesses and governments to further slash global carbon emissions to meet the Paris Climate Agreement goalsIn the lead-up to the UN’s COP28 climate conference, the world’s largest CEO-led community committed to accelerating the net-zero transition is calling on businesses and governments to further slash global carbon emissions to meet the Paris Climate Agreement goals. According to a report by the Alliance of CEO Climate Leaders, in collaboration with the Boston Consulting Group (BCG), emissions must be cut back by 7 percent each year from now until 2030 to limit global warming to 1.5°C, as agreed in Paris in 2015. More →

Remote and hybrid working may have significant impact on carbon footprint

Remote and hybrid working may have significant impact on carbon footprint

Fully remote workers can have a 54 percent lower carbon footprint compared with fully in-office workers and hybrid working also helps to cut emissionsFully remote workers can have a 54 percent lower carbon footprint compared with fully in-office workers, and all forms of remote and hybrid working have the potential to cut emissions, according to a new study from researcher at Cornell University and sponsored by Microsoft. The authors conclude that lifestyle choices and work arrangements playing an essential role in determining the environmental benefits of remote and hybrid work. More →

Half of firms won’t meet 2030 decarbonisation target, report claims

Half of firms won’t meet 2030 decarbonisation target, report claims

Fewer than 50% of organizations expect to meet decarbonisation targets by 2030, study reveals A new report from Siemens Infrastructure claims that there is limited agreement amongst businesses on how best to progress towards a decarbonised and resource-efficient world and under half expect to meet their net zero targets based on current thinking. According to the Transition Monitor 2023: The Great Divide on The Path to Net Zero report, whilst more than half of those surveyed believe the infrastructure transition is accelerating in their region, a quarter of senior executives said that progress on decarbonisation is “too slow”, while 29 percent believe progress is “coordinated”, and 31 percent describe it as “on target”. More →

Most firms don’t see retrofit as part of their net zero strategy

Most firms don’t see retrofit as part of their net zero strategy

Without boards changing their attitudes and government action, the UK faces a building retrofit crisis which threatens the nation’s ability to ever reach net zeroDespite organisations and the Government setting environmental targets, when it comes to buildings, there remains a lack of commitment to prepare for net zero. Without boards changing their attitudes and government action, the UK faces a building retrofit crisis which threatens the nation’s ability to ever reach net zero. That is the main finding of a new report which explores the current state of retrofit for commercial property in the UK. More →

EU building data project to drive full decarbonisation in three European countries

EU building data project to drive full decarbonisation in three European countries

Czechia, Ireland and Spain will be the first countries to participate in a new initiative which aims to boost the availability of quality building climate data, a critical step towards full decarbonisation of the heavily emitting construction sectorCzechia, Ireland and Spain will be the first countries to participate in a new initiative which aims to boost the availability of quality building climate data, a critical step towards full decarbonisation of the heavily emitting construction sector, responsible for almost 40 percent of global carbon emissions. The INDICATE initiative will bring together governments, industry and academia to tackle one of the most common barriers to enacting policies which will ensure climate neutral construction: a lack of reliable and comprehensive emissions data for buildings. More →

Firms failing to embed net zero into operations

Firms failing to embed net zero into operations

While 85 percent of companies now have net-zero strategies, the majority are failing to incorporate them into daily business operations.A survey [registration] of 300 managers at organisations in industrial sectors across the U.K., U.S. and Germany by ESG consulting firm Sphera, claims that while 85 percent of companies now have net zero strategies, the majority are failing to incorporate them into daily business operations. Only 41 percent of operations managers have seen sustainability strategies produce significant changes in daily practices, and 32 percent say their firms do not align with science-based emissions targets.   More →

Office sector net zero targets require significant shift in thinking

Office sector net zero targets require significant shift in thinking

An image of the Earth from space to illustrate what is at stake for the office sector, which is one of the main contributors to carbon emissionsA new report, Delivering Net Zero Carbon in the Workplace [BCO members only] produced by University College London Consultants (UCLC) for the British Council for Offices (BCO), claims to identify the barriers that businesses are facing as they strive to drastically reduce the carbon footprint of their offices. The report, informed by over 100 office occupiers and building professionals, outlines the measures that those working in the office sector can take to overcome these barriers at what the report suggests is low or zero cost. More →

Zero carbon tech for building materials gets $12 billion commitment at COP27

Zero carbon tech for building materials gets $12 billion commitment at COP27

An aluminium clad building facade to illustrate the importance of zero carbon tech in buildingsThe World Economic Forum and US Special Presidential Envoy for Climate announced today at COP27, the expansion of a coalition of global companies, to commit $12 billion in 2030 purchase commitments for zero carbon and green technologies to decarbonise the cement and concrete industry and other hard-to-abate sectors. The latest expansion of the First Movers Coalition – made up of 65 companies with a collective market value of approximately $8 trillion – focuses on cleaning up one of the world’s most carbon-intensive industry sectors through purchasing commitments for low-carbon technology. From construction and engineering to real estate and developers, newly announced First Mover companies have committed to purchasing at least 10 percent near-zero cement and concrete per year by 2030.  More →