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The sustainable building of the future
The real estate industry is among the biggest contributors towards climate change, in terms of both carbon emissions generated during construction, and energy consumption thereafter. About 39 per cent of the world’s greenhouse gases come from the built environment.
The pandemic has accelerated a host of underlying economic and social trends, including the shift to ESG issues. This has led to a rise in sustainable real estate investing.
There is now a huge opportunity to create better buildings and, in particular, to repurpose existing buildings. The goal is to transform buildings into net-zero carbon emitters, via less carbon-intensive construction and more thoughtful use of space, aided by technology.
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Further reading