Former U.S. Treasury Secretary Hank Paulson is today focused on making new construction in China more energy efficient by working with leaders to upgrade building codes.
Paulson has worked on the front lines of environmental protection in China for years and has the ear of the top Chinese leadership, the Wall Street Journal reports.
China is constructing more than half of all the new buildings in the world, Paulson says, and buildings account for 40% of global greenhouse-gas emissions. As the world’s largest greenhouse gas emitter, China could help to significantly reduce worldwide emissions if it upgrades its building codes.
“There’s nothing else I could do in the U.S. and have that kind of impact,” Paulson told the Journal. Paulson, a former head of the Nature Conservancy, recently hosted leading multi-national business executives at a Beijing hotel along with leaders of State Grid Corp., a gigantic monopoly power distributor, and China State Construction Engineering Corp. to discuss ways to reduce China’s greenhouse gas impact.
Some 100 million rural workers in China are expected to move to cities before 2020, keeping demand for new construction strong.
(http://www.wsj.com/articles/hank-paulson-targets-climate-change-via-chinas-building-codes-1415776456)
Related Stories
Codes and Standards | Jun 10, 2019
Intl. Code Council releases Natural Disaster Preparedness Guide
Provides tips for staying safe during and after a hurricane or severe weather.
Codes and Standards | Jun 7, 2019
Market conditions indicate slower growth in industrial real estate sector
E-commerce, market oversupply, rising interest rates to dampen hot market.
Codes and Standards | Jun 3, 2019
Haskell invests in BLOX, creator of modular-based delivery method
‘Represents important part of Haskell’s future strategy,’ says CEO.
Codes and Standards | Jun 3, 2019
Florida may eliminate certificate of need requirement for new hospitals
Bill could boost specialized facilities.
Codes and Standards | May 31, 2019
RELi 2.0 standard for sustainability, resilience being piloted
Will be open to LEED-registered or -certified projects, with introductory pricing and support.
Codes and Standards | May 31, 2019
Pankow Foundation releases report, tools for embodied carbon impacts
Focus is on MEP and tenant improvements.
Codes and Standards | May 24, 2019
USGBC receives funding for LEED for Cities and Communities Program
Bank of America provides $500,000 grant to certify 15 U.S. cities.
Codes and Standards | May 24, 2019
AIA updates Interiors Contract Documents
Six revised documents available for interior construction projects.
Codes and Standards | May 23, 2019
Northern California casino offers a template for resilient microgrids
Solar power with batteries and backup generators provide weeks of self-reliance.
Codes and Standards | May 23, 2019
Austin creates innovative plan to boost affordable housing
Approach includes loosened zoning, incentives for higher density in lower-cost and mixed-income developments.