Global management consulting firm McKinsey recently launched the Net Zero Built Environment Council, a cross-sector coalition of industry stakeholders aiming to decarbonize the built world.
The council’s chief goal is to collaboratively create new pathways to cut greenhouse gas emissions from buildings.
The Council will support stakeholders to create and commercialize new green innovations, create global sustainability metrics and research, and promote cost-effective pathways to “decarbonizing everything from construction methods to materials,” according to McKinsey.
The council will work to align siloed supply chains, construction projects and markets, and help industry players tap into an estimated $800 billion to $1.9 trillion in potential green markets. The launch of the Net Zero Built Environment Council comes alongside the release of a new McKinsey report that identifies a lack of collaboration within the built environment ecosystem as a key obstacle to decarbonization.
McKinsey’s research found that 76% of emissions from an average building are caused by operations, demonstrating a need for collaborative decarbonization across the entire built environment life cycle, not just during construction.
The report found that half of all emissions across the built environment could be eliminated with little extra cost, while 20% will be more costly and complex to decarbonize, such as cement and steel, requiring more industry partnerships to reduce costs and risks for all new materials and technologies.
3 goals of the Net Zero Built Environment Council
To help facilitate the critical elements for change, we are launching the Net Zero Built Environment Council, which brings together many of the leading incumbents and new scale-ups across the built-environment ecosystem. Along the lines of the three ingredients covered in this article, the council’s ambitions can help with the following actions:
- Create transparency. Establish a fact-based perspective on a possible cost-effective recipe (translate the most powerful technology and other levers into a simplified playbook that applies to major building archetypes).
- Raise awareness of what is doable. Remove perceived barriers to decarbonization, capture the interest of decision makers, and spur “positive pressure” and acceleration to act.
- Stimulate partnerships and encourage initiative. Enable execution via innovative financial models, deployment of technologies, and scaling of efforts by bringing together stakeholders from across the built environment, whether by jointly commercializing technologies at scale or by identifying and creating lighthouse projects.
All contributors along the value chain must come together to overcome systematic challenges and increase transparency on cost-effective pathways to reach decarbonization goals and spread awareness to the entire sector. In this sense, the Net Zero Built Environment Council represents an important step forward in uniting industries and sectors—not only to achieve their climate ambitions but also to create green growth in the built environment.
Related Stories
| Oct 20, 2011
UNT receives nation’s first LEED Platinum designation for collegiate stadium
Apogee Stadium will achieve another first in December with the completion of three wind turbines that will feed the electrical grid that powers the stadium.
| Oct 20, 2011
Stellar hires Navy veteran Taylor as vice president
Stellar’s federal experience includes military exchanges (large retail stores on military bases), lodging facilities for military personnel, fuel stations, youth activities centers and recreational centers.
| Oct 19, 2011
System for installing grease duct enclosures achieves UL listing
Updated installation results in 33% space savings.
| Oct 17, 2011
THOUGHT LEADER: Allan Bilka, Senior Staff Architect and Secretariat to the IGCC
Allan Bilka, RA, is a Senior Staff Architect and Secretariat to the International Green Construction Code (IgCC) with the International Code Council, based in the ICC’s Chicago district office. He also serves as staff liaison to the ICC-700 National Green Building Standard. He has written several ICC white papers on green building and numerous green-related articles for the ICC. A registered architect, Bilka has over 30 years of combined residential design/build and commercial consulting engineering experience.
| Oct 17, 2011
USGBC L.A. Chapter's Green Gala to feature Jason McLennan as keynote speaker
Chapter to presents inaugural Sustainable Innovation Awards,
| Oct 12, 2011
FMI’s Construction Outlook: Third Quarter 2011 Report
Construction Market Forecast: The general economy is seeing mixed signs.
| Oct 11, 2011
Pink light bulbs donated to Society of Memorial Sloan-Kettering Cancer Center
For every Bulbrite Pink Light Bulb that is purchased through the Cancer Center Thrift Shop, 100% of the proceeds will be donated to help support breast cancer research, education, screening, and treatment.
| Oct 7, 2011
GREENBUILD 2011: Demand response partnership program announced at Greenbuild 2011
Program will use USGBC’s newly revised LEED Demand Response credit as an implementation guideline and leverage its relationships with the building community to foster adoption and participation in existing utility and solution provider demand response offerings.
| Oct 7, 2011
GREENBUILD 2011: Otis Elevator announces new contracts for sustainable building projects
Wins reinforce Otis’ position as leader in energy-efficient products.
| Oct 7, 2011
GREENBUILD 2011: UL Environment releases industry-wide sustainability requirements for doors
ASSA ABLOY Trio-E door is the first to be certified to these sustainability requirements.