The role of commercial real estate in shaping our carbon future
Lisa Conway and
Jon Khoo
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Lisa Conway: Interface, USA
Jon Khoo: Head of Sustainability — EAAA, Interface, USA
Corporate Real Estate Journal, 2023, vol. 12, issue 2, 131-141
Abstract:
The urgency of the ongoing climate crisis requires swift action from all industries. This includes commercial real estate as the building industry is responsible for nearly 39 per cent of annual global energy-related carbon emissions. It is critical that the real estate sector focuses on reducing both operational and embodied carbon emissions to effectively decarbonise our built spaces. This paper discusses the role that the commercial real estate sector plays in reversing global warming and the resources, tools and organisations already available for companies and individuals looking to begin to reduce their carbon footprint. It also details the two types of carbon emitted by our buildings and the importance of focusing on embodied carbon for substantial change. Readers will walk away with actionable steps they can take to lower the carbon footprint of commercial real estate.
Keywords: climate change; carbon emissions; building life cycle; net zero; embodied carbon; carbon reduction; wellness (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:aza:crej00:y:2023:v:12:i:2:p:131-141
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