ULI outlines key principles to accelerate decarbonization equitably, avoiding asset stranding risk
by Released
Contributing around 37 percent of energy related carbon emissions, the built environment has a clear responsibility to urgently decarbonise real estate to meet international climate targets and mitigate climate change risks. However, with estimates suggesting that up to $24.2 trillion — or nearly 17 percent of global financial assets — could be at risk due to climate-related financial shocks under high-emissions scenarios, the real estate sector in particular must act swiftly.