Leading Advisory Firm reveals the top 10 recommendations for achieving Net-Zero Construction
April 20, 2023 | Staff Reporter | UAE | Real Estate
Accuracy, a leading advisory firm, has released a report titled "Building tomorrow: The COP of Action. Recommendations to COP28 from the construction sector," outlining actionable recommendations for achieving net-zero emissions in the construction industry. With COP28 just a few months away, the report provides valuable insights for decision-makers at the upcoming climate conference.
The report emphasizes the importance of adopting ambitious policies and regulations to incentivize sustainable building practices, as well as increased investment in sustainable infrastructure. It also highlights the need to engage stakeholders and communities in the transition to net-zero emissions. By implementing the recommendations outlined in the report, leaders can accelerate the transition to a more sustainable, low-carbon future.
Zulema Sanchis, director at Accuracy, expressed her enthusiasm for the brainstorming session that led to the report, stating, "We had an amazing and truly inspirational brainstorming session, where key stakeholders representing the entire value chain expressed their ideas on what the sector was missing to move towards net-zero. The private sector has had its say, and there is no looking back. I cannot wait to see how COP 28 will influence the future of our beloved construction industry."
The report provides ten actionable recommendations to achieve net-zero emissions in the construction industry by 2050. These include developing policies to incentivize companies to reduce carbon emissions, implementing regulations requiring the disclosure of building carbon emissions, encouraging the use of low-carbon materials and technologies, promoting sustainable design practices and green building standards, increasing investments to close the financing gap for sustainable building, bringing structure to the new financing system for sustainable building, establishing carbon pricing mechanisms to incentivize low-carbon adoption, increasing public awareness of the environmental impacts of the construction industry, providing training and education on sustainable building practices, and collaborating with universities for research on sustainable building technologies.
The report's recommendations align with the United Nations' Sustainable Development Goals, particularly goal 11, which aims to make cities and human settlements inclusive, safe, resilient, and sustainable. Achieving net-zero emissions in the construction industry is a critical component of achieving this goal.
In conclusion, Accuracy's report provides valuable insights for decision-makers at COP28, emphasizing the importance of adopting ambitious policies and regulations that incentivize sustainable building practices, increasing investment in sustainable infrastructure, and engaging stakeholders and communities in the transition to net-zero emissions.