Construction Industry Value Chain : How Companies are Using Carbon Pricing to Address Climate Risk and Find New Opportunities

The global construction industry is the world’s largest consumer of raw materials, and constructed objects account for between 25 and 40 percent of total carbon emissions in the world. The industry is projected to grow at 4.2 percent annually betwe...

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Main Authors:	Carbon Pricing Leadership Coalition, International Finance Corporation
Format:	Report
Language:	English
Published:	International Finance Corporation, Washington, DC 2018
Subjects:	CARBON POLICY CARBON PRICING GREENHOUSE GAS EMISSIONS CONSTRUCTION INDUSTRY GLOBAL VALUE CHAINS CLIMATE RISK RENEWABLE ENERGY ENERGY EFFICIENCY EMISSION TRADING SYSTEM SUPPLY CHAIN
Online Access:	http://documents.worldbank.org/curated/en/240371544174022564/Construction-Industry-Value-Chain-How-Companies-are-Using-Carbon-Pricing-to-Address-Climate-Risk-and-Find-New-Opportunities http://hdl.handle.net/10986/31055

id	okr-10986-31055
recordtype	oai_dc
spelling	okr-10986-310552021-05-25T09:20:42Z Construction Industry Value Chain : How Companies are Using Carbon Pricing to Address Climate Risk and Find New Opportunities Carbon Pricing Leadership Coalition International Finance Corporation CARBON POLICY CARBON PRICING GREENHOUSE GAS EMISSIONS CONSTRUCTION INDUSTRY GLOBAL VALUE CHAINS CLIMATE RISK RENEWABLE ENERGY ENERGY EFFICIENCY EMISSION TRADING SYSTEM SUPPLY CHAIN The global construction industry is the world’s largest consumer of raw materials, and constructed objects account for between 25 and 40 percent of total carbon emissions in the world. The industry is projected to grow at 4.2 percent annually between 2018 and 2023 in terms of market value, with expansion opportunities in residential, nonresidential, and infrastructure projects. In parallel, the Paris Agreement and its well-below-2 degrees Celsius target for global temperature increase has signaled an imperative toward decarbonization in the public and private sectors, including creating the impetus for a sustainable construction industry. With increasing populations, urbanization, and the fact that almost 75 percent of the infrastructure that will exist in 2050 has yet to be built, the construction industry is expected only to expand, thus providing a significant opportunity to improve its efficiency and transition toward a low-carbon future. This paper provides a framework for considering the construction value chain and explores existing attitudes and initiatives toward carbon pricing along it, with the objective of enabling companies to identify possible synergies and align their approaches to sustainability. Twelve of the Carbon Pricing Leadership Coalition’s (CPLC) partner companies representing sectors across the construction value chain, including aluminum, cement, glass, infrastructure, equipment manufacturing, construction services, and steel were interviewed to understand their motivations and experiences as they attempt to implement carbon pricing and transition toward low-carbon construction. Finally, the CPLC provides a forum for private companies to engage with governments to ensure the development of well-designed carbon pricing policies to help create a level playing field. 2018-12-20T20:04:16Z 2018-12-20T20:04:16Z 2018 Report http://documents.worldbank.org/curated/en/240371544174022564/Construction-Industry-Value-Chain-How-Companies-are-Using-Carbon-Pricing-to-Address-Climate-Risk-and-Find-New-Opportunities http://hdl.handle.net/10986/31055 English CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank International Finance Corporation, Washington, DC Publications & Research :: Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	CARBON POLICY CARBON PRICING GREENHOUSE GAS EMISSIONS CONSTRUCTION INDUSTRY GLOBAL VALUE CHAINS CLIMATE RISK RENEWABLE ENERGY ENERGY EFFICIENCY EMISSION TRADING SYSTEM SUPPLY CHAIN
spellingShingle	CARBON POLICY CARBON PRICING GREENHOUSE GAS EMISSIONS CONSTRUCTION INDUSTRY GLOBAL VALUE CHAINS CLIMATE RISK RENEWABLE ENERGY ENERGY EFFICIENCY EMISSION TRADING SYSTEM SUPPLY CHAIN Carbon Pricing Leadership Coalition International Finance Corporation Construction Industry Value Chain : How Companies are Using Carbon Pricing to Address Climate Risk and Find New Opportunities
description	The global construction industry is the world’s largest consumer of raw materials, and constructed objects account for between 25 and 40 percent of total carbon emissions in the world. The industry is projected to grow at 4.2 percent annually between 2018 and 2023 in terms of market value, with expansion opportunities in residential, nonresidential, and infrastructure projects. In parallel, the Paris Agreement and its well-below-2 degrees Celsius target for global temperature increase has signaled an imperative toward decarbonization in the public and private sectors, including creating the impetus for a sustainable construction industry. With increasing populations, urbanization, and the fact that almost 75 percent of the infrastructure that will exist in 2050 has yet to be built, the construction industry is expected only to expand, thus providing a significant opportunity to improve its efficiency and transition toward a low-carbon future. This paper provides a framework for considering the construction value chain and explores existing attitudes and initiatives toward carbon pricing along it, with the objective of enabling companies to identify possible synergies and align their approaches to sustainability. Twelve of the Carbon Pricing Leadership Coalition’s (CPLC) partner companies representing sectors across the construction value chain, including aluminum, cement, glass, infrastructure, equipment manufacturing, construction services, and steel were interviewed to understand their motivations and experiences as they attempt to implement carbon pricing and transition toward low-carbon construction. Finally, the CPLC provides a forum for private companies to engage with governments to ensure the development of well-designed carbon pricing policies to help create a level playing field.
format	Report
author	Carbon Pricing Leadership Coalition International Finance Corporation
author_facet	Carbon Pricing Leadership Coalition International Finance Corporation
author_sort	Carbon Pricing Leadership Coalition
title	Construction Industry Value Chain : How Companies are Using Carbon Pricing to Address Climate Risk and Find New Opportunities
title_short	Construction Industry Value Chain : How Companies are Using Carbon Pricing to Address Climate Risk and Find New Opportunities
title_full	Construction Industry Value Chain : How Companies are Using Carbon Pricing to Address Climate Risk and Find New Opportunities
title_fullStr	Construction Industry Value Chain : How Companies are Using Carbon Pricing to Address Climate Risk and Find New Opportunities
title_full_unstemmed	Construction Industry Value Chain : How Companies are Using Carbon Pricing to Address Climate Risk and Find New Opportunities
title_sort	construction industry value chain : how companies are using carbon pricing to address climate risk and find new opportunities
publisher	International Finance Corporation, Washington, DC
publishDate	2018
url	http://documents.worldbank.org/curated/en/240371544174022564/Construction-Industry-Value-Chain-How-Companies-are-Using-Carbon-Pricing-to-Address-Climate-Risk-and-Find-New-Opportunities http://hdl.handle.net/10986/31055
_version_	1764473513099395072

Construction Industry Value Chain : How Companies are Using Carbon Pricing to Address Climate Risk and Find New Opportunities

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