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The role of commercial real estate in shaping our carbon future

Author

Listed:
  • Conway, Lisa

    (Interface, USA)

  • Khoo, Jon

    (Head of Sustainability — EAAA, Interface, USA)

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.

Suggested Citation

  • Conway, Lisa & Khoo, Jon, 2023. "The role of commercial real estate in shaping our carbon future," Corporate Real Estate Journal, Henry Stewart Publications, vol. 12(2), pages 131-141, January.
    • Handle: RePEc:aza:crej00:y:2023:v:12:i:2:p:131-141
    as

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    More about this item

    Keywords

    climate change; carbon emissions; building life cycle; net zero; embodied carbon; carbon reduction; wellness;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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