The 28th Session of the Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC), was held last month in Dubai. The meeting's four key pillars centered around the areas of fast-tracking energy transition and climate finance, with an emphasis on social values – specifically livelihoods and inclusivity. As with many global meetings and initiatives, it has been criticized regarding the vagueness of language. However, COP28 has also produced an alignment that near-zero-emission and resilient buildings will be the new normal in all regions by 2030.
With nearly 40% of global carbon dioxide emissions coming from the real estate sector, there are a few key takeaways and action items asset owners and managers will have no regrets investing in, according to Evolution Sustainability Group (Evolution), a full-service energy management, engineering, and sustainability consulting firm. These include:
