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or less in line with the ParisAgreement, it is essential to decarbonize our economy by 2050. We are proud to be leading the reduction of operational emissions by achieving our 2030 Sustainability Commitments , but in order to achieve global climate goals, we also need to reduce the embodiedcarbon in building materials and equipment.
Around three quarters of real estate fund mangers globally have introduced netzero policies with around half publishing netzero commitments and implementing netzero targets, suggesting a growing alignment of the sector with the goals of the ParisAgreement.
Certified buildings are third-party verified after a 12-month performance period to be energy efficient, combustion-free (or actively phasing out combustion), powered by renewables, and built with lower embodiedcarbon than typical buildings.
Trane Technologies was also one of only five North American companies recognized by InfluenceMap as a 2023 Corporate Climate Policy Engagement Leader , after meeting its criteria for positive and active climate policy engagement aligned with science-based pathways for delivering on the goals of the ParisAgreement.
With steel and concrete emissions said to be responsible for 15% of global emissions, their urgent decarbonization is critical to meeting the goals outlined in the ParisAgreement. Let’s build on the momentum we have to drive a rapid and lasting decarbonization of heavy industries on the path to global netzero.”
Unreliable data is responsible for variances of up to 2000% in forecasting carbon usage, prompting an urgent call for common data standards, reporting structures and changes in asset design. The authors say the result is a lack of understanding, obscuring the true impact of infrastructure projects on carbon emissions.
Transitioning to netzero is one of the greatest challenges the world has ever faced. The built environment will need to play a major role in transitioning to netzero as buildings are responsible for approximately 30% of global energy consumption, 30% of greenhouse gas emissions and, on average, 50% of emissions in major cities.
In 2015, 90 countries included actions for addressing buildings emissions or improving energy efficiency in their Nationally Determined Contributions (NDCs) under the ParisAgreement. Some small progress, but not enough. This number has now hit 136, although ambition varies.
Below is a summary of the discussions and key recommendations for achieving netzero emissions by mid-century. Cristina Gamboa of the WGBC presented the future of buildings, “By 2030, new buildings, infrastructure and renovations will have at least 40% less embodiedcarbon, with significant upfront carbon reduction.”
Non-profit organisation’s report describes actions that would gear the buildings and construction sector towards a netzero future, through elimination of embodiedcarbon emissions. WorldGBC’s vision to fully decarbonise the sector requires eliminating both operational and embodiedcarbon emissions.
According to Canada’s new “Standard on the Disclosure of Greenhouse Gas Emissions and the Setting of Reduction Targets,” federal procurements greater than $25 million will induce suppliers to measure and disclose their and adopt a science-based target to reduce GHG emissions in line with the ParisAgreement.
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