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Mahi Sall is the CEO & Founder of FinXpair, a Berlin-based strategic advisory boutique firm focu[...]
How Net Zero Construction Is Changing the Building Industry
May 9, 2023
Image: Courtesy of Pixabay
As world leaders and citizens across the globe continue to open their eyes to the hideous impact that we are all having on our planet, the move towards change has begun. Many of the world's leading countries, including the U.S. and the United Kingdom, have pledged to move towards a goal of Net Zero CO2 emissions by the year 2050.
While this goal may seem unattainable to many, there will need to be dramatic changes in the way we live, build, and operate our world. The changes have already begun, most notably in the construction industry. With new construction accounting for as much as 40% of the total emissions on the planet, it’s a good place to start.
The focus on new construction methods that embrace Net Zero goals, including building procedures and eco-friendly materials, is where we will see the most changes. As many property owners are incentivized towards converting their existing buildings into more efficient and environmental operations, the journey toward Net Zero has begun.
Many governments have mandated that all new building projects be regulated and monitored for their compliance with the Net Zero goals for the future. Insurance companies are giving incentives to owners through their home insurance quotes to embrace eco-friendly features in their homes, helping citizens on the front lines do their part to conserve and create a more green home environment. Let’s take a closer look at a few ways that Net Zero construction is changing the building industry.
Corporate Responsibility
Much of the responsibility of moving towards a Net Zero future falls on the corporate world. Considering that manufacturing goods is the leading cause of polluting the environment, it makes sense that industry would feel the pressure to conform to Net Zero policies. Many companies are rethinking their operations and are creating new processes that are working towards reducing their emissions through innovative technologies.
From the manufacturing process to multi-million dollar business complexes, we are starting to see a shift towards green design that will mandate the necessary changes. The changes will help the world move toward green features as the norm, from solar-powered factories to living roof systems.
Societal Pressure
Activism by passionate supporters of a green future that will change the harmful and devastating direction in which the world is moving is mainly responsible for the current changes. The disapproval of the masses has put pressure on global governments to take action.
Through science and economic study, the leaders of nations worldwide are coming to accept that changes need to be made to ensure a positive future. Companies and individuals who fail to meet the Net Zero requirements will be penalized and demonized for their practices as we move forward to a more sustainable future.
Innovative Progress
To ensure that we are moving towards a Net Zero future, many changes will need to be made to the processes controlling our lives. Operating systems, urban infrastructure, and technology will all be greatly impacted. The construction industry is leading the way from the creation of never-before-seen green construction materials to innovative systems that help homeowners reduce their carbon emissions.
Adoptive Lifestyle
As the construction industry begins to shift toward Net Zero projects, the changes will be most greatly felt in the next generation. Green homes and buildings that are currently a new phenomenon will become commonplace in the next decade. The level of active environmental responsibility will be passed down and through society until it is the accepted norm.
See: French Neobank Startup, Green-Got, Collaborates with 1300 Crowdfunded Climate-Conscious Investors
With the exciting changes that are happening across many industries to achieve a net zero future, the construction industry is leading the way towards the change that will help us save our precious planet.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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