May 23, 2022
For the world to meet the goals of the Paris Agreement – which set out to limit global warming to less than 1.5°C – all emissions should have been reduced by 45% by 2030 and reached net zero by 2050 (https://ibn.fm/4RWZ6). This outlook also calls for all buildings to be net zero by 2050. But reports show that buildings have consistently churned out about 33% of all energy-related carbon emissions in the United States and 40% of global emissions. So, an article published on Smart Energy Decisions notes, the world cannot meet consensus climate targets sans the transformation of the building sector (https://ibn.fm/sdXLG).
Recommendations on how to ensure the sector meets the net-zero targets generally include developing more ambitious building codes, undertaking massive retrofitting, and transforming the entire real estate industry. On its part, the Climate Reality Project offers two main solutions: energy-efficient buildings and carbon-negative buildings. To achieve the former, building owners can…
NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://ibn.fm/CIPI
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