City governments across the globe are responding to the climate emergency by setting bold commitments to move to a net zero economy over the coming decades, often well ahead of national targets.
The real estate sector is one of the main causes of global warming, as the report issued by the Intergovernmental Panel on Climate Change indicated that 38% of energy-related carbon dioxide emissions come from buildings, 28% from operational emissions, and 10% from building materials and construction activities. Therefore, the expansion of green urbanization, the sustainability of real estate, and the endeavor to reduce carbon emissions have become a global trend, as a major solution to confront the continuous environmental changes.
The 2023 edition of Mipim, which will be held between 14 and 17 March, will be significantly bigger than last year's return to face-to-face meetings.
Eyes were on Egypt in November during the hosting of the United Nations Climate Change Conference (COP27), which attracted a huge global audience. In the major event, Egypt showcased a myriad of sustainable and environmentally-aware projects. The event concluded with a range of recommendations to cut carbon emissions.
With the built environment driving close to 40% of global carbon emissions, green real estate is an unequivocal way to abate the climate crisis, and a key priority for future investments.
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