Property developers at MIPIM, one of the largest real estate events, are being called on to implement high-impact carbon reduction strategies to immediately halve building project emissions without waiting for new technology.
The World Business Council for Sustainable Development (WBCSD) and global sustainable development consultancy Arup have released the report Net-zero buildings: Halving construction emissions today, focused on reducing upfront embodied carbon in construction. These are the emissions released into the atmosphere during the production and transportation of building materials as well as the construction process.
It encourages property developers, assembling this week at MIPIM to act now, without waiting for major innovations. The report shows that property developers already have the solutions required to start halving up-front embodied carbon emissions immediately, so it asks them to be confident to act.
This builds on a previous publication, Net-zero buildings: Where do we stand?, which showed that as much as 50% of a new, energy-efficient building’s emissions come from embodied carbon. The authors of the report estimate that less than 1% of building projects currently calculate and report their full carbon footprint.