This Report Says Green Construction Technology Can Decarbonize The Built World – Forbes

The Vancouver Convention Center is the world’s first convention center to achieve double LEED … [+] Platinum on 10/31/2022. The Center’s West building has onsite Blackwater treatment facility, heat recovery systems, two onsite bio-composters & living roof.
According to a new report by venture capital firm A/O PropTech, global investment into green construction technologies clocked in at $2.2 billion in 2022. The Low Carbon Future report attributed the growth to legislation and technological innovation that have ushered greener building practices into the mainstream.
The report also shows that around $4.5 billion has been invested globally in green construction technology over the past five years. More than $4.5 billion of early-stage capital was invested in companies directly focusing on decarbonizing the architecture, engineering and green construction sectors between 2017 and 2022 in more than 452 deals.
The companies in the deals varied from designing and constructing low-carbon buildings, such as 011H, to procurement hubs for more sustainable building materials, such as Timberhub, and manufacturers of prefabricated building components.
London took the lead for the most investment in green construction technology designed to decarbonize the built world, followed by San Francisco, Tel Aviv, Los Angeles, Oakland, Vancouver, Las Vegas, Paris, Zurich, and Oslo, rounding out the top ten.
Gregory Dewerpe, the founder of A/O PropTech, said that cities have the potential to become carbon sinks if developers and owners adopt bio-based materials and circular economy principles in building structures. “Up to 60 gigatonnes of CO2 could be stored in the global building fabric by 2050, equivalent to four-fifths of the carbon in the Amazon rainforest.”
Dewerpe says embodied carbon is expected to account for half of the total emissions from the built world by 2035 with the other half coming from operational emissions generated from the day-to-day running of existing buildings.
“Even accounting for rising retrofit rates, the problem is increasing exponentially as a rising global population and urbanization are set to increase the real estate footprint across the world by 76-230 billion square meters by mid-century, and at least fifty times the area of Greater London,” said Dewerpe.
“The built environment is one of the biggest contributors to carbon emissions, and there is a growing recognition that we need to tackle this problem urgently,” said Dewerpe. “New technologies that can lower emissions during the construction process are vital, from design software to more sustainable building materials to technologies that speed up and accelerate construction.”
Dewerpe says that all of these new technologies can play a part in reducing the overall impact of the built environment.
“Rapid urbanization and housing shortages globally are exacerbating the climate impact of our cities and urban areas, so we must build better, greener and faster to address the problem head-on before it gets any worse,” said Dewerpe.

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