The property industry has a huge carbon footprint. Here’s how to reduce it

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The property industry has a huge carbon footprint. Here’s how to reduce it
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Buildings have a dirty secret: they are among the planet’s worst climate offenders

a dirty secret: they are among the planet’s worst climate offenders. Heating, cooling and powering existing offices, homes and factories accounts for 27%

What is more, landlords and homeowners, and the construction industry, have a rotten record on climate change. Only a tiny fraction of properties are carbon neutral, and on the current trajectory it will take nearly a century to decarbonise the rest. As the world urbanises, a dirty building boom beckons: by one estimate, cities will need to add 13,000 buildings every day until 2050, just to keep up with global population growth.

What can be done? The problem can be divided into three parts. The first goal is to incentivise owners to make existing properties more energy-efficient. In the long run, as electricity generation shifts towards renewables, the emissions arising from air-conditioning and day-to-day power use will fall. But retrofitting offices and homes with insulation, cleverer control systems and heat pumps rather than fossil-fuel boilers can have an immediate impact.

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