Net zero progress in buildings slows as floor space grows, UN report warns
climatecontrolnews.com.auA new UN report finds that global building emissions are stalling despite growing investment in efficiency. The building sector accounts for 37 percent of global carbon emissions, and new floor area added in 2024 alone equals five times the size of Nairobi. While rooftop solar installations in Australia hit 3 GW in 2024, the report warns that an additional USD 3.6 trillion is needed by 2030 to stay on a net zero path. The report points to mature technologies like heat pumps and rooftop solar, but says the industry is stuck in pilot mode. Policymakers are urged to phase out fossil fuels and scale up investment to USD 592 billion annually. Without faster action, emissions locked in by materials like traditional cement will threaten 1.5 degree Celsius targets.
