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Retrofitting Buildings to be Future-Fit

Retrofitting Buildings to be Future-Fit

Full Title: Retrofitting Buildings to be Future-Fit
Author(s): Guy Grainger, Jeremy Kelly, Kamya Miglani, Kim Markiewicz, Paulina Torres, Walid Goudiard, and Rupert Davies
Publisher(s): JLL
Publication Date: November 30, 2022
Full Text: Download Resource
Description (excerpt):

Globally, the real estate industry is facing an enormous challenge: retrofitting our buildings to reduce global carbon emissions. It is time for those leading the industry, along with governments, to drive the asset transformation needed. JLL estimates that US$3 trillion will be required to meet these retrofitting targets. Addressing the knowledge gap, upskilling the workforce and scaling technology will be critical. The transition to a low carbon economy comes with a hefty price tag but as recently declared by the IMF, further delaying climate policies will hurt economic growth; the time to act is now.

Retrofitting existing building stock provides an opportunity for innovation in an industry that has been well overdue for a transformation. Given that real estate is the largest asset class in the world, there is significant incentive for companies to upgrade their real estate holdings.

All statements and/or propositions in discussion prompts are meant exclusively to stimulate discussion and do not represent the views of, its Partners, Topic Directors or Experts, nor of any individual or organization. Comments by and opinions of Expert participants are their own.

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