This past year, a number of interesting reports were published that are well worth reading. For example, Circular Norway's report launched in March 'The role of the financial industry as a driving force in the circular economy' (Executive Summary in English). It reveals that the financial industry rarely integrates linear risks into their assessments and lacks knowledge about the benefits of the circular economy. The report underlines that cooperation with the financial industry is key in achieving a more circular construction industry.
The fact that not only buildings but also infrastructure objects play an important role in achieving a climate-neutral, circular European economy is demonstrated according to great practical examples in the brochure ‘Circular buildings and infrastructure’ of the European Circular Economy Stakeholder Platform ECESP.
If we are to achieve the Paris Agreement goal of limiting global warming to well below 1.5 °C, the next few years are particularly crucial, as it is truly ‘two minutes to midnight’, according to the UN's IPCC Sixth Assessment Report. The report, created in collaboration with as many as 270 researchers from 67 countries, stresses that governments around the world must stop procrastinating and change course immediately. Serious changes are needed in business, national and local politics, urban planning and trade unions. This was also highlighted in Circle Economy's Circularity Gap Report, an alarming report about the Dutch construction sector, which outlines practical solutions to accelerate the transition to circular construction. According to Felix Pahl and Henry Willem Müller (students at the Stockholm School of Economics), start-ups in circular ecosystems can play a key role in accelerating the transition. They wrote a thesis on the subject, titled: 'Driving a better future: The role of start-ups in circular ecosystem innovation'.
The urbanised North, in particular, needs to step up its efforts, according to JLL’s Global Research Report 'Decarbonizing Cities and Real Estate'. Currently, over 60% of carbon emissions in Northern cities is related to buildings. Uniformity in measuring, reporting and regulating emissions is key, according to the report, which lists targets, regulations, reporting mechanisms, incentives, accelerators and partnerships in 32 metropolises.
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