![]() ![]() ![]() Other Laudes Foundation partners have shifted policy and industry practice here. ![]() Roadmaps have already launched in Ireland, Finland, Poland, Spain and the UK, with more on the way. This work in Europe has also led to a major shift in global sector dialogue, most notably at the ‘Cities and Built Environment Day’ at COP26, where tackling embodied and whole life carbon were put centre stage. These set out how the building sector and policymakers can decarbonise the whole life cycle of buildings. For example, with support from Laudes, the IKEA Foundation and the European Climate Foundation, the World Green Building Council's #BuildingLife campaign is establishing decarbonisation roadmaps for buildings in 10 European countries and at the EU level. Laudes Foundation's partners have enabled this significant policy shift from an energy only to a wider carbon focus. EU policy change builds on domestic advances in countries like Denmark, France and the Netherlands, where regulation measuring the whole carbon life cycle of buildings is being implemented, and more regulators are anticipated to follow in setting clear targets in the coming years. Thanks to the leadership of Laudes Foundation’s partners, the draft revision of the Energy Performance of Buildings Directive (EPBD) by the EU Commission, requires whole life cycle measurements starting with large buildings of over 2000 square metres as of 2027, and applying to all buildings after 2030, sending a signal for change. This group of partners is working in four areas aimed at shifting investment flows to decarbonise the total greenhouse gas (GHG) impact of buildings:Ģ021 was a critical year for EU policy concerning the built environment, with the revision of several major EU building regulations acknowledging the need to cover the total climate impact of buildings across their life cycle. They’re aligning the metrics, pathways and targets used by investors and industry, creating a shared route to decarbonisation and accelerating action. Together our partners are mobilising investor leadership to decarbonise buildings and advocating for strong accountability mechanisms across Europe and at EU level. Laudes Foundation is supporting partners working to overcome the barriers to investment and shift the flow of capital into upgrading the built environment. For the sector to meet such ambitious targets it needs frameworks relating to carbon budgets and to benchmark embodied carbon in the built environment. Many investors are still grappling with energy performance and only just starting to wake up to the carbon bomb of embodied carbon in building materials. The pace and scale of collaboration and innovation across the built environment and finance sectors needs to exponentially increase to close the gap. Meeting Europe’s 2030 climate targets will take more than EUR 3.5 trillion of investment to decarbonise our building stock, with an investment gap of EUR 2.75 trillion – the largest climate investment gap of any sector. ![]()
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