Market Overview: Building Decarbonization

Executive Summary

Building decarbonization will be critical to cut global emissions and for businesses and governments to meet their net zero targets. The technologies required are already fully developed and available. Nevertheless, an adoption problem persists. Due to split tenant and landlord incentives, high price points and long implementation timelines, this has been a slow-moving space over the past 10 years. However, with the pressures of looming net zero target deadlines, and with investor, employee and tenant demands growing, investment is poised to expand. The majority of the buildings that will be in use in 2050 are already in existence; as a result, this report focuses on existing building decarbonization. It charts the drivers and challenges, and categorizes the stages of building decarbonization; explores how services and software play into these; and details the current and future state of the market. Sustainability executives can use this report to discover the interventions they can take to decarbonize their buildings and benchmark their progress against peers. Software and services firms should read this report to understand what businesses are buying and how the building decarbonization market will develop.