Full Title: Home of the Future: Building for Net Zero
Author(s): Anthony Pettinari, Roger Ashworth, Thais Alonso, Michael Bilerman, Bryan Burgmeier, Renata Cabral, Yijing (Alice) Cai, Ami Galla, Nicholas Joseph, Andrew Mazini, Adam Phillips, Ravi Shankar, Asher Sohnen, Eric Lau
Publisher(s): Citi GPS
Publication Date: November 1, 2021
Full Text: Download Resource
Description (excerpt):
In the lead up to the 2021 UN Climate Change Conference (COP26), media channels are full of content highlighting both the issues and the challenges surrounding climate change. Agencies such as the Intergovernmental Panel on Climate Change (IPCC) warn that global warming will exceed 2°C during the 21st century. They believe achieving the goals of the 2015 Paris Agreement will soon be “beyond reach” unless rapid and deep emissions reductions in CO2 and other greenhouse gases (GHGs) occur in the next decade.
One of the largest carbon-emitting industries is the building sector. Building construction and operations accounted for 39% of global CO2 emissions in 2017, with operational carbon (i.e., the amount of carbon emitted during the daily use and maintenance of a home) accounting for 28% of total CO2 emissions. As we look for ways to decarbonize the planet, what if we could build a net-zero emissions home?
The aim of our new Home of the Future series is to examine how the housing market can harness technological and financial innovations to make homes greener, smarter, more affordable, and more accessible to home buyers. This first report looks specifically at what is needed to build, operate, and maintain a home with net-zero emissions.