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Photo by Danist Soh / Unsplash

DALIAN, China— The World Economic Forum report outlines strategies to reduce building emissions by 80% by 2030.

The report identifies 11 transition levers across the building value chain. 

These could potentially unlock $1.8 trillion in global market opportunities.

At present, buildings account for 37% of global carbon dioxide emissions. 

Urban development is estimated to be responsible for the loss of habitat for 34% of the Earth's species.

The World Economic Forum report, co-authored with the Boston Consulting Group, advocates for a comprehensive approach to the green transition in construction.

As the world's largest construction market, China has the potential to significantly contribute to the industry's decarbonization. 

It accounts for over half the global production capacity for numerous building materials.

The report identifies several obstacles to the green transition in construction, including regulatory deficiencies, data management challenges, and workforce deficiencies.

This builds on the Net-Zero Opportunities of Value-Chain Actions project, launched at the World Economic Forum Annual Meeting 2024 in Davos.

The 15th Annual Meeting of the New Champions is held in Dalian, China, from June 25 to 27.