COP29 and Its Implications for Real Estate, Building Construction, Engineering, Infrastructure, and Cities
As the global community grapples with the escalating impacts of climate change, the Conference of the Parties (COP) continues to serve as a critical platform for setting international climate policy. COP29, held in 2024, addressed critical concerns for industries tied to real estate, building construction, engineering, infrastructure, and urban development. These sectors not only contribute significantly to greenhouse gas emissions but also face the brunt of climate-related risks. Here’s a closer look at what COP29 could mean for these fields. Real Estate: Navigating a Carbon-Constrained World The real estate sector, accounting for nearly 40% of global energy-related carbon dioxide emissions when considering construction and operations (source: World Green Building Council ), is under increasing scrutiny. COP29 emphasized sustainable and energy-efficient buildings , as outlined in commitments made during the conference, with a focus on stricter regulations for new dev...