UNEP: Double energy efficiency spend

While the building sector's energy intensity has reduced thanks to adopting the climate action being taken worldwide, all governments, financial institutions and businesses need to work together to double global building energy efficiency investment from $270 billion to $522 billion by 2030, according to a new report by UNEP and GlobalABC.

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A GROWING number of countries are working to decarbonise buildings, but sluggish progress and financing puts global climate goals at risk. These are the key findings of an annual review of the buildings and construction sector, published last month by the UN Environment Programme (UNEP) and the Global Alliance for Buildings and Construction (GlobalABC).

The Global Status Report for Buildings and Construction 2024-2025 — Not Just Another Brick in the Wall highlights progress made on related global climate goals and calls for greater ambition on six challenges, including building energy codes, renewable energy, and financing. Global frameworks and initiatives such as Intergovernmental Council for Buildings and Climate, the Buildings Breakthrough and the Declaration de Chaillot are sustaining momentum towards adopting ambitious climate action plans, including Nationally Determined Contributions (NDCs), for net-zero buildings ahead of the UN Climate Change Conference (COP30) this November (10 to 21) in Belem, Brazil.