Archive for year: 2021

Ahead of COP26, the World Green Building Council (WorldGBC) updates its Net Zero Carbon Buildings Commitment to include bold new requirements for addressing embodied emissions and publishes best practice for carbon offsetting for the built environment.

LONDON – 9am BST, 15 September 2021 – Today, WorldGBC announces an update to the Net Zero Carbon Buildings Commitment (the Commitment), expanding its scope to recognise enhanced leadership action in tackling embodied carbon emissions from the building and construction sector. To accompany the Commitment update and its reduction-first approach to decarbonisation, WorldGBC has also published Advancing Net Zero Whole Life Carbon: Offsetting Residual Emissions from the Building and Construction Sector, providing guidance for how the sector should compensate for its total carbon impacts.

The built environment is responsible for almost 40% of global carbon emissions, with 10% from embodied carbon from materials and construction processes.

To limit warming to no more than 1.5°C as set out in the Paris Agreement, the #BuildingToCOP26 Coalition has called for emissions from buildings globally to be halved by 2030, and to reach net zero life-cycle emissions for all buildings by no later than 2050.

As part of the efforts to accelerate these goals, WorldGBC announces an update to its Net Zero Carbon Buildings Commitment to promote and inspire leadership action towards addressing embodied carbon as well as emissions from building operations.

New requirements for the Net Zero Carbon Buildings Commitment

In addition to the Commitment requiring all building assets within direct control to account for all operational carbon emissions (released from the energy used to heat, light, cool and power them) by 2030, from 1st January 2023 businesses and organisations will also be required to:

• Account for whole lifecycle impact of all new buildings and major renovations by mandating they are built to be highly efficient, powered by renewables, with maximum reductions in embodied carbon and compensation of all residual upfront emissions.
• Track and report business activities that influence the indirect reduction of whole life carbon emissions.

This ambitious step is expected to drive similar levels of action from the sector as reported in the recently released Advancing Net Zero Status Report 2021, which highlights how signatories are embedding the Commitment requirements into their business operations, and help the sector advance its decarbonisation goals.

How the Commitment drives decarbonisation with a reduction-first approach

WorldGBC’s Whole Life Carbon Vision for the sector includes a roadmap for the decarbonisation of the built environment, with critical 2030 interim goals and total decarbonisation by 2050. It is outcomes based and action focused, requiring signatories to develop a bespoke roadmap to decarbonise their portfolios by following best practice principles prioritising reduction of energy consumption and embodied carbon, and the use of renewable energy.

This leadership action of Commitment signatories, reinforced with the additional focus on maximum reductions of embodied carbon, means that all new developments and renovations will also prioritise the efficient use of low carbon materials and construction processes, reduce reliance on fossil fuels in construction, and support the transition to a fully decarbonised built environment.

The Commitment promotes aggressive reduction-first strategies, with residual emissions being compensated for via best practice offsets. Until reductions in fossil fuel consumption and emissions become business as usual as part of energy systems and supply chain production processes, there will be some reliance on offsets in order to achieve the balance of net zero emissions. However, through the leadership of Commitment signatories driving demand for low carbon materials and practices, this is expected to reduce over time.

The critical need for best practice carbon offsetting that drives positive systemic change in the built environment

To encourage a best practice approach to decarbonisation, and facilitate net positive impact in pursuit of net zero emissions, WorldGBC has published a guidance document for the sector — Advancing Net Zero Whole Life Carbon: Offsetting Residual Emissions from the Building and Construction Sector. 

As part of the transition towards total sector decarbonisation that also enables tangible environment and social co-benefits in support of the Sustainable Development Goals, the guidance document promotes a best practice-approach to offsetting detailed in three principles:

1. Prioritise emissions reduction 

Minimise the need for offsets in the first place via best practice sustainable construction and operation. This means reducing energy demand, shifting away from fossil fuels, and using 100% renewable energy as soon as possible.

2. Compensate for residual emissions 

For any residual emissions – those which cannot be abated – invest in carbon reduction or storage projects that are credible, unique, additional and permanent, as determined via independent third party verification.

3. Advance tangible benefits 

Direct investment into offsets that store carbon and provide additional tangible environmental and/or social improvements, particularly those that have additional nature-based co-benefits or co-benefits in line with the Sustainable Development Goals.

In this approach, WorldGBC encourages the building and construction sector to explore short-term opportunities to support the overall decarbonisation agenda via investment in efforts that enable others to advance their journey to net zero, such as through energy efficiency improvements or establishing access to renewable energy sources. Whilst these sector-based offset projects and non credit based actions are currently under developed, WorldGBC calls on the sector to recognise how this approach is critical to achieving sector decarbonisation goals.

 Why the built environment must tackle embodied carbon now

Globally, 10% of carbon emissions comes from the materials and construction processes required to build and renovate buildings, also known as embodied carbon. However, it is estimated that between 2020 and 2050, more than half of total carbon emissions from all new global construction will be due to embodied carbon.

As carbon emissions from the energy used to heat, cool, light and power buildings are reduced through improved energy efficiency and renewable energy, the impact of embodied carbon becomes more significant than ever. This bold approach to accelerate total sector decarbonisation, introduced by the update to the Commitment, is required from the sector to account for these impacts.

Halving emissions by 2030 to achieve a 1.5oC Paris Agreement aligned future

With COP26 and the #BuildingToCOP26 Coalition spotlighting the built environment as a critical solution through the UN’s Race to Zero campaign and the Cities, Regions and Built Environment Day, this sector initiative is crucial in the wider advocacy efforts, calling on bolder and more ambitious building regulation to bring these solutions to scale.

The UN backed Race to Zero campaign is mobilising the shift towards a net zero carbon economy to halve emissions by 2030 and achieve net zero carbon emissions by 2050 at the latest. Recognising the crucial role of the built environment in achieving this goal, our industry must ensure that by 2030 all new buildings, infrastructure and renovations will have at least 40% less embodied carbon with significant upfront carbon reduction, and all new buildings must be net zero operational carbon. The 2030 goal is an important milestone leading to 2050, where all new and existing buildings must be totally decarbonised. This requires an unprecedented shift in the way buildings are designed, built, renovated and re-used, in order to stay within remaining carbon budgets for a below 1.5oC Paris Agreement aligned future.

Aligned with the Race to Zero emissions breakthroughs, the Commitment enables signatories to take action further faster, towards their 2030 decarbonisation goals, whilst also stimulating the mainstreaming of critical and innovative approaches, solutions and business models necessary for the sector to reach climate goals by 2050.

Find out more at https://buildingtocop.org/

 Cristina Gamboa, CEO of the World Green Building Council:

“The update to the WorldGBC’s Net Zero Carbon Buildings Commitment elevates the ambition for the building and construction sector to go further and faster to decarbonise. It sets a target for compensating for emissions associated with buildings and construction, and the tangible social and environmental co-benefits of this approach creates a powerful catalyst towards achieving the Paris Agreement goals and the Sustainable Development Goals. Achieving our vision of sustainable buildings for everyone, everywhere means acting now to tackle upfront carbon, whilst planning with whole life carbon in mind.”

 Nigel Topping, COP26 High Level Climate Action Champion:

“With the buildings sector accounting for 40% of global emissions and 50% of resource consumption, the need for urgent action is critical. WorldGBC’s Net Zero Carbon Buildings Commitment provides a bold approach for businesses looking to be a front runner in decarbonising emissions from buildings by 2030.”

 Ed Mazria, Founder & CEO, Architecture2030:

“The science and global carbon budget for limiting warming to 1.5°C are clear. The time to act is now. With the WorldGBC’s Net Zero Carbon Buildings Commitment including both embodied and operational carbon, the organisations, firms and subnational governments responsible for planning, designing, constructing and developing the global built environment can demonstrate their specific actions that meet the Paris Agreement’s 1.5ºC budget. By showing what is possible, our community will embolden others to do the same.”

 Alberto Carrillo Pineda, Managing Director and Co-Founder of the Science Based Targets initiative:

“Bold action is vital to limit the worst effects of climate breakdown – and that’s why the Net Zero Carbon Buildings Commitment from the WorldGBC is so important. This leadership sets the direction for the building and construction industry. Considering the state of the climate emergency, we are calling on all world leaders, businesses and individuals to take urgent action to decarbonise the built environment at the pace and scale required by science.”

 

The Commitment in numbers

The Commitment now has a total of 143 signatories, with 109 businesses and organisations; 28 cities; and 6 states and regions. The businesses and organisations signed up to the Commitment account for over 5.3 million (tCO2e) of portfolio emissions, and are already taking significant steps to decarbonise their portfolio operations. Find out more about our Commitment signatories here.

 

CarbonStore will address environmental and sustainability specialists and analysts on ‘Why Woodland Creation Should Be Part of a Carbon Reduction Strategy and the race for net-zero’ at a dedicated webinar on 21 September at 10.00 am.

 

CarbonStore provides an open and transparent platform for companies and landowners to buy and sell woodland Carbon Units while helping companies maximise the benefits associated with UK woodlands and restoring peatlands.

The webinar will address the following topics:

Is there a market for quality carbon credits?

What are the pitfalls of carbon offset programs and how to avoid them?

What are the wider benefits of buying Woodland Carbon Units?

How can CarbonStore help analysts and sustainability managers achieve net zero while maximising the many virtues of planting trees?

During the webinar Dr Michael Fagbohungbe, CarbonStore’s Carbon Manager will answer these questions and many more. Michael, holds a Ph.D. in Environmental Science and has worked in the fields of renewable energy and resource management. Michael has a combined 7 years of experience in low-carbon technology development, ESG framework implementation, and carbon management in agriculture, processing, and distribution. He will be discussing the pitfalls of some types of carbon offset programs. He will also dig deeper into the authenticity and traceability of carbon offsets and the importance of using the UK Woodland Carbon Code.

David McCulloch, Head of CarbonStore, who has a BSc (Hons) in Accounting, Finance and Economics and 18 years’ experience in the financial sector based in London and Tokyo, initially as an equity salesman and latterly as a corporate analyst will explain the practicalities of purchasing woodland carbon units authorised and issued by the Woodland Carbon Code through CarbonStore.

He will present the unique advantages of working with CarbonStore to realise an organisation’s net zero ambitions before concluding with a case study to illustrate how CarbonStore can deliver woodland creation projects which protect our environment, enhance our ecology and enrich our society.

The webinar will include a Q&A session featuring two further panelists including Stuart Pearson, Tilhill’s Business Development Manager and chartered forester and CarbonStore’s Carbon Project Manager Alex MacKinnon, BSc (Hons) in Environmental Science and former Forest Manager with a broad understanding of the Woodland Carbon Code and its fundamental principles.

Alex works on the technical side of CarbonStore working directly with managers and clients to efficiently register, validate and verify projects. He also works with incoming purchasers to identify and assess potential project carbon units that suit their preferences.

David McCulloch, gave his thoughts on the forthcoming webinar: “Within a net-zero strategy, there will be some Carbon reduction challenges that are simply too difficult to achieve quickly. In many cases, the technology has not developed sufficiently to enable those changes to be made today, so offsetting should relate to the portion of a reduction strategy that cannot be changed quickly or is outside of your control.

“This webinar will focus on why woodland creation should be a fundamental part of residual carbon offset plans because trees are the ONLY option that actually removes carbon from the environment.”

The free webinar will take place September 21st at 10am-11:am on Zoom.

Britain Rethinks Letting China Enter Its Nuclear Power Industry

By Stanley Reed

Financing and security issues are clouding new power station projects.

A few years ago, Britain agreed to let China take an ownership stake in its newest nuclear power plants, figuring Beijing had the nuclear know-how and the construction smarts to help replace the country’s aging power stations.

It was a warm moment in British-Chinese relations, a deal signed in 2015 during a carefully choreographed visit to London by President Xi Jinping of China with the British prime minister at the time, David Cameron.

Six years later, Britain is having second thoughts. Financing for a planned power station facing the North Sea, estimated at 20 billion pounds ($28 billion) and necessary to ensure a steady stream of electricity for decades, is unexpectedly in doubt. Part of the problem: attracting investors to a project one-fifth owned by China.

Mr. Xi’s authoritarian ambitions and human rights record have chilled relations with Western nations, forcing a broad reconsideration of a range of economic dealings with the world’s second-largest economy.

In Britain, the pushback over nuclear power echoes the concerns raised last year when Britain joined the United States in banning the Chinese telecom supplier Huawei from high-speed wireless networks on security grounds.

The 2015 nuclear agreement even calls for letting China be majority owner of a proposed plant of its own design, at a site about 50 miles from London. Although that project is going through regulatory channels, it is expected to face strong opposition from lawmakers.

“We cannot allow the technological heart of our power system to be exposed to the risk of disruption by states that do not share our values,” said Tom Tugendhat, a member of the Conservative Party, led by Prime Minister Boris Johnson, and chairman of the foreign affairs committee in Parliament.

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China has ambitions to be a global supplier of nuclear power plants, but Britain is not the only country reconsidering an agreement.

“Within Europe, there is an emerging pattern of nations rethinking nuclear collaboration with China,” said Ted Jones, senior director at the Nuclear Energy Institute, an industry group in Washington. He pointed to recent setbacks that China’s nuclear plant business has suffered in Romania, the Czech Republic and elsewhere.

Evidence of the risks involved was buried in financial results published on Thursday by Électricité de France, a French utility company that owns and operates Britain’s eight operating nuclear power stations. The company is halfway through building Britain’s first new station since the 1990s, at Hinkley Point in southwest England, a project one-third owned by China General Nuclear, China’s state-owned nuclear company.

EDF, in its quarterly results, urged the British government to pass legislation soon enabling a new, less risky financial and regulatory arrangement before the company embarks on the North Sea project, near a fishing village called Sizewell.

British officials and EDF executives have been negotiating financing terms for the Sizewell project.Credit…Chris Ratcliffe/Bloomberg

Failure to obtain these changes, the company said, could lead it to “not to make an investment decision” — in other words, walk away from the project.

“This legislation is now really, really essential,” said Simone Rossi, chief executive of EDF’s British arm, in June, according to Reuters. British officials and EDF executives have been negotiating terms for financing for the Sizewell project.

EDF, which is majority owned by the French government, says it can’t afford to pay the project’s costs upfront and wants to reduce its 80 percent stake to a minority holding to make room for other investors.

The arrangement being considered would allow investors to obtain an immediate return on the capital they spent on the plant through surcharges on energy bills. Pension funds, university endowments and similar investors would most likely be attracted by predictable, long-term revenue streams, analysts said.

“You will find investors who are interested,” said Meike Becker, a utility analyst at Bernstein, a research company.

The critical question, though, is whether the presence of China General Nuclear might give financial institutions pause, especially those from the United States.

In 2019, the company was placed on a U.S. government blacklist — which restricts American companies from doing business with it — for engaging in efforts to acquire advanced American nuclear technology for military purposes. In 2016, an American nuclear engineer was sentenced to two years in prison for helping the company develop nuclear materials.

“CGN has a particularly bad reputation in the United States,” said Vincent C. Zabielski, a London-based special counsel who specializes in nuclear issues at Pillsbury, a law firm. Mr. Zabielski said that while investors might judge that CGN would bring valuable engineering skills to building the plant, the company’s presence could be a turnoff for American investors “in some cases.”

Much has changed since 2015, when China General Nuclear entered Britain during an elaborately choreographed visit by President Xi Jinping, a high point in Chinese-British relations.Credit…Leon Neal/Agence France-Presse — Getty Images

China General Nuclear declined to comment.

Ultimately, the government will decide the fate of Britain’s nuclear program; one option said to be on the table is the British government’s buying China’s stake in the Sizewell project. In principle, the government wants at least one more power station after Hinkley Point to help meet its ambitious low-carbon targets. The Sizewell plant would pump out enough power for millions of homes for decades. Building a plant would also create thousands of jobs and provide billions of pounds worth of work for British suppliers.

China’s global nuclear ambitions are on the line in Britain. Its plans for a nuclear plant outside London, at Bradwell-on-Sea, are going through Britain’s approval process, a critical step that Beijing hoped would be a springboard to its acceptance in other international markets.

China is “making every effort it can to establish Chinese standards” in the global nuclear industry, said Mark Hibbs, a senior fellow at the Carnegie Endowment for International Peace. If China is successful in Britain, he said, it will give the country a competitive advantage in global nuclear sales for decades.

But the British government has soured on Beijing because of a host of concerns, including the crackdown on dissent in Hong Kong, a former British colony, and the harsh treatment of Uyghurs in China’s Xinjiang region. Influenced by Washington, worries have also increased in London about the security risks of using Chinese technology.

Industry sources say it is now difficult to conceive of the government’s approving a Chinese-designed and majority-owned plant not far from London, as envisioned for the project in Bradwell.

The situation may be different at Hinkley Point, where the Chinese company’s stake is 33 percent, and at the proposed Sizewell project, where its stake is 20 percent. Overall, China General Nuclear has spent about £4 billion on the British projects. Mr. Tugendhat said he had no objection to Chinese money in these cases because it could be easily replaced.

 

Source: The New York Times