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[WEBINAR] Green buildings vs. the crisis
23 September 2020 | 15h30 - 17h00 (CET)
Green stimulus programmes in the building sector: a solution for economic recovery and climate protection?
Stimulus programmes for the building sector can be a highly effective tool for a Covid-19 recovery. This webinar by GlobalABC’s Work Area on Finance presents successful programmes and possibilities for financing them.
The construction sector is essential for an economic recovery after the COVID-19 crisis. In 2015, the sector accounted for 11-13% of global GDP. It is a major employer: 7% of total global employment or 220 million jobs depend on it. Globally, USD 4.5 trillion were spent on construction and renovation of buildings in 2018. At the same time, the building sector presents a massive – and largely unused – opportunity to respond to the climate crisis. The construction and operation of buildings is responsible for 40% of all energy-related carbon dioxide (CO2) emissions (GlobalABC Global Status Report, 2019), more than transport or industry.
The building sector holds the potential for a double win: providing a powerful tool to stimulate the economy, while moving the whole sector to a new and greener state. Nevertheless, the real estate business is slow to change its way of doing things and mobilize these small extra investments without external nudges in the form of legal obligations or incentives. Governments such as South Korea, Germany and others successfully used green building programmes in earlier economic crises. Many countries have running national, regional or municipal construction programmes.
Stimulus programmes for the building sector can be a highly effective tool for a Covid-19 recovery. The GlobalABC, with its Work Area on Finance, aims to support countries with information on successful building programmes.
Objectives of session
The session will support policy-makers with information on existing and planned green recovery programmes for the building sector. The session will:
Showcase best practices of building programmes used in previous crises
Demonstrate benefits (e.g. jobs, economic activity, greenhouse gas emissions)
Identify success factors
Discuss transferability of programmes to other countries to support the transformation towards a zero emission, efficient and resilient buildings and construction by 2050
15:30 Welcome Remarks and Introduction
15:40 The challenges
15:45 The solutions: green buildings investment programmes - best practice examples and benefits
16:55 Closing remarks