Leaders Launch Initiative to Decarbonize Buildings by 2050
01 Oct, 2019

At the UN Secretary-General’s Climate Action Summit, high-level officials from government, business and civil society launched the ‘Zero Carbon Buildings for All Initiative,’ which unites leaders across sectors in an international coalition to decarbonize the building sector and meet the Paris Agreement on climate change. Multilateral development banks (MDBs) and private financial institutions also committed to aligning their financing of buildings with the Paris Agreement and national climate policies, which could lead to a potential USD 1 trillion in “Paris compliant” buildings investment in developing countries by 2030.

The Zero Carbon Buildings for All Initiative responds to the need of making all buildings net zero carbon by 2050 to meet the goals of the Paris Agreement, while fewer than 1% of buildings are today.