Cities around the world need $375 billion in green investment to avoid catastrophic global climate change, the C40 Cities Climate Leadership Group says.
According to a report by Arup on behalf of the C40 group, without serious action before 2020, the world will have locked in future emissions to the point where global temperatures will surpass the 2 degrees Celsius mark—the upper safe limit in the Paris Climate Agreement. The report says that megacities need to reduce their average emissions from more than five tons of carbon per capita today to around 2.9 tons over the next decade.
The report provides guidelines for global cities to take 14,000 climate actions over the next four years in transportation, efficiency, energy production, and waste management in order to reduce emissions. If C40 cities and their partners take on the recommended actions, the report says they can deliver 51% of the carbon reductions necessary to ensure cities are on course with Paris Agreement objectives. The remaining 49% of emission reductions would need to come from external structural changes such as de-carbonizing national energy supplies.
Established 11 years ago, the C40 Cities Climate Leadership Group includes more than 85 world cities, representing more than 650 million people and one-quarter of the global economy.
Related Stories
Codes and Standards | Mar 22, 2022
Dept. of Energy awards $32 million for next-generation building retrofits
The U.S. Dept. of Energy has awarded a total of $32 million for more than 30 next-generation building retrofit projects that will dramatically improve affordable housing technologies, according to a DOE news release.
Legislation | Mar 18, 2022
New framework to help site community solar projects released
The Solar Energy Industries Association (SEIA) released a new report to aid policymakers in siting community solar projects.
Codes and Standards | Mar 17, 2022
Dept. of Energy seeks input on building-integrated photovoltaic systems
The U.S. Department of Energy (DOE) Solar Energy Technologies Office (SETO) and Building Technologies Office (BTO) recently issued a request for information to gather input on technical and commercial challenges and opportunities for building-integrated photovoltaic (BIPV) systems.
Legislation | Mar 16, 2022
Weak federal commercial real estate rules will hamper seizing Russian assets
Lax disclosure regulations that have made the U.S. a global hot spot for money laundering via real estate holdings will make it difficult for officials to seize properties from Russian oligarchs.
Codes and Standards | Mar 15, 2022
First company awarded Fitwel Certification in Senior Housing for Occupant Health & Wellness
The Springs at Greer Gardens in Eugene, Ore., is the first property to earn a Fitwel global health certification under the newly created senior housing scorecard.
Codes and Standards | Mar 10, 2022
HOK offers guidance for reducing operational and embodied carbon in labs
Global design firm HOK has released research providing lab owners and developers guidance for reducing operational and embodied carbon to meet net zero goals.
Codes and Standards | Mar 7, 2022
Late payments in the construction industry rose in 2021
Last year was a tough one for contractors when it comes to getting paid on time.
Codes and Standards | Mar 7, 2022
Massachusetts proposed energy code changes don’t ban gas
Proposed changes to the Massachusetts energy code would provide incentives for builders to fully electrify buildings, but not impose a ban on natural gas hookups.
Codes and Standards | Mar 4, 2022
Construction industry faces a 650,000 worker shortfall in 2022
The U.S. construction industry must hire an additional 650,000 workers in 2022 to meet the expected demand for labor, according to a model developed by Associated Builders and Contractors.
Codes and Standards | Mar 4, 2022
FAA offers $1 billion in grants for airport terminal and tower projects
The Federal Aviation Administration (FAA) is now accepting applications for about $1 billion in grants for airport projects during fiscal year 2022.