"The growth in global demand for green office buildings has slowed after Donald Trump's assault on environmental protection policies caused a slump in interest in the US, according to a survey of construction industry professionals. Building occupiers and investors across North America and South America expressed significantly lower growth in demand for green commercial buildings, a shift that seems to be in response to a change in US policy focus, according to a survey of members of the Royal Institution of Chartered Surveyors (Rics)."
"Reported demand across the rest of the world also fell, albeit not as sharply. Residential and commercial buildings together accounted for 34% of global carbon emissions in 2023, according to the UN Environment Programme. The majority of those emissions came from heating, cooling and powering buildings, although about a fifth came from construction. The UN said there was a critical need for accelerated action in the buildings sector to meet global climate goals."
A survey of construction professionals reported a slowdown in global demand growth for green office buildings, with North and South America showing notably weaker growth. The slowdown appears linked to changes in US environmental policy and reduced interest in sustainable commercial buildings. Reported demand in the rest of the world also fell, though less sharply. Residential and commercial buildings produced 34% of global carbon emissions in 2023, mostly from heating, cooling and powering, with about a fifth from construction. Green building techniques and energy efficiency reduce environmental impact and operating costs, and sustainable offices can command higher rents from large corporate tenants.
Read at www.theguardian.com
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