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Our previous blog post presented the financial sector’s opportunity and obligation to lead the way in decarbonizing the built environment in the United States. But what does that mean? After all, the financial sector is multifaceted, and there are many potential intervention points in real estate.
It is not technological breakthroughs we need. For the most part, buildings already have all the tools they need to decarbonize. What we need is a common framework for building decarbonization and an understanding of the ways in which new technology has historically displaced the old. Then, we can illuminate the way forward for finance to accelerate that displacement in order to rapidly and efficiently eliminate the 13 percent of US emissions that come from building operations today.