G20 Foundation Publications China 2016 | Page 104

CLIMATE CHANGE & SUSTAINABILITY BUILDING A BETTER WORLD – IN CHINA & BEYOND PETER BAKKER President and CEO, WBCSD By 2050, 70% of the world’s population will live in cities, meaning that over the next three decades, cities will need to accommodate more than 2.5 billion additional people. How can the building and construction sector meet this new demand while accelerating the transition to a sustainable world? Buildings have a critical role to play in addressing climate change. They are responsible for one-third of final energy use worldwide, and over 20% of man- made CO2 emissions. By 2050 cities could account for more than 50% of global emissions as rapid urbanization continues. China’s urbanization has significantly increased energy consumption especially in buildings. The country is projected to see a 160% increase in building energy use by 2050. This equates nearly to 300 additional coal-fired power stations. Urbanization in China will lead to increasing impacts on air quality and national energy security. Energy efficiency in buildings must be scaled up as part of the solution to these issues. Win-win for climate, business and society The International Energy Agency (IEA) estimates that the buildings and construction sector will need to reduce 104 its CO2 emissions by over 80% by 2050 in order to achieve the Paris Agreement. However, given that we need to decarbonize existing buildings and deliver infrastructure to house the world’s growing urban population, this target must be closer to 100%. This clearly is a challenge, but it is surmountable. To do so, we must learn to construct zero-emission buildings, even at the bottom of the pyramid. Reducing energy consumption in buildings through increased energy efficiency is already possible and practical. There are existing financially advantageous building practices and technological solutions for building design, construction and operations that ultimately use less energy to heat, cool, ventilate, light and control. Using today’s best practices and technologies, projected energy use in buildings in 2030 can be reduced by 50%. The recently launched New Climate Economy 2015 report “Better Growth, Better Climate,” illustrates that cities stand to gain from adopting efficient forms of development: greater economic productivity and appeal to investors, improved air quality and public health, reduced poverty and enhanced safety,