The Zero Carbon Buildings for All Initiative recently launched at the UN Climate Action Summit will aim for upgrading standards so that all buildings are net zero carbon by 2050.
That goal is in accordance with the goals of the Paris Agreement, but with less than 1% of buildings today having achieved net zero, there is a long way to go. Zero Carbon Buildings for All will look to government, industry, and civil society to secure commitments to decarbonize new buildings by 2030 and existing buildings by 2050. It will also mobilize significant funding (at least $1 trillion in Paris Agreement-compliant buildings investment in developing countries by 2030).
Building operations account for 28% of energy-related CO2 emissions, making them among the largest contributors to climate change. Improving efficiency in buildings is one of the most proven, cost-effective climate mitigation solutions available, according to a statement by Zero Carbon Buildings for All.