The property industry has a huge carbon footprint. Here’s how to reduce it
Some buildings should be retrofitted, others torn down
Buildings have a dirty secret: they are among the planet’s worst climate offenders. Heating, cooling and powering existing offices, homes and factories accounts for 27% of global energy-related carbon-dioxide emissions. Constructing new ones involves mountains of steel and colossal amounts of cement, and combined with demolition accounts for another 10% of the global CO2 emitted each year. Building debris generates a third of the European Union’s annual waste by weight.
What is more, landlords and homeowners, and the construction industry, have a rotten record on climate change. Only a tiny fraction of properties are carbon neutral, and on the current trajectory it will take nearly a century to decarbonise the rest. As the world urbanises, a dirty building boom beckons: by one estimate, cities will need to add 13,000 buildings every day until 2050, just to keep up with global population growth.
This article appeared in the Leaders section of the print edition under the headline "Constructive improvements"
Leaders June 18th 2022
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- The Fed and the ECB turn on a dime
- The EU should declare Ukraine a candidate for membership
- The property industry has a huge carbon footprint. Here’s how to reduce it
- Britain’s bill to rip up the Northern Ireland protocol is a terrible idea
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