The Edge of Risk Menu Search
New thinking on corporate risk and resilience in the global economy.
Quick Take

Rise in Carbon Emissions Brings Concern Over Building Sector’s Carbon Footprint

Source: The Global Status Report for Buildings and Construction (5th edition)

The operation of global buildings reached their highest-ever carbon emissions level in 2019 at 28% of total global energy-related carbon dioxide emissions, pushing the sector further away from achieving its Paris Agreement goals. That number jumps to 38% when emissions from building construction is accounted for, according to this year’s Global Status Report for Buildings and Construction

This year’s report highlights the disruptions from COVID-19 in the building and construction sectors, as well as introduces a new index to track the progress of climate initiatives. The pandemic slowed global construction activity, which led to a drop in global energy demand and carbon dioxide emissions — 5% and 7%, respectively. 

But COVID-19 also grew interest in and the market for “green” buildings as governments and key players in the buildings and construction sector plan for a post-COVID green recovery. However, these commitments and initiatives will need to rapidly increase in scale to get on track for a net-zero carbon building plan by 2050.

More Quick Takes

Most Read

Here’s Why Inflation Is Rising — and What You Can Expect The Superhuman CEO Can Be a Major Risk for an Organization Are You Ready for the Hybrid Workplace?

Our Latest