Research Briefing
| Sep 11, 2023
Why We Need to Decarbonise the Construction Value Chain
- Many major economies have committed to becoming Net Zero by 2050, but few appear to have a coherent plan to fully decarbonise its construction sector.
- Steel and cement, responsible for 7% and 7-9% of global emissions respectively, are the largest contributors to the construction value chain’s embodied carbon.
- There is a major disconnect between stakeholder incentives along the construction value chain which remains highly fragmented and leads to a lack of innovation with short-termism driving a focus on lowest cost rather than maximising sustainability.
