The global construction industry is theworld’s largest consumer of raw materials, and constructedobjects account for between 25 and 40 percent of totalcarbon emissions in the world. The industry is projected togrow at 4.2 percent annually between 2018 and 2023 in termsof market value, with expansion opportunities inresidential, nonresidential, and infrastructure projects. Inparallel, the Paris Agreement and its well-below-2 degreesCelsius target for global temperature increase has signaledan imperative toward decarbonization in the public andprivate sectors, including creating the impetus for asustainable construction industry. With increasingpopulations, urbanization, and the fact that almost 75percent of the infrastructure that will exist in 2050 hasyet to be built, the construction industry is expected onlyto expand, thus providing a significant opportunity toimprove its efficiency and transition toward a low-carbonfuture. This paper provides a framework for considering theconstruction value chain and explores existing attitudes andinitiatives toward carbon pricing along it, with theobjective of enabling companies to identify possiblesynergies and align their approaches to sustainability.Twelve of the Carbon Pricing Leadership Coalition’s (CPLC)partner companies representing sectors across theconstruction value chain, including aluminum, cement, glass,infrastructure, equipment manufacturing, constructionservices, and steel were interviewed to understand theirmotivations and experiences as they attempt to implementcarbon pricing and transition toward low-carbonconstruction. Finally, the CPLC provides a forum for privatecompanies to engage with governments to ensure thedevelopment of well-designed carbon pricing policies to helpcreate a level playing field.
PDF
download
878987797
028-85220240
