Why it matters: Paris Agreement, COP26 and Australia’s commitments
There’s a revolution going on in the built environment that is sweeping across the asset fund investment and management world, and this means a radical change for architects. “In this pivotal era, architects must embrace good passive design and champion sustainability from the drawing board to create a brighter, greener future,” says David Carabott, Founding Director at CHT Architects for aged care developments.
Australia is in catch-up mode on the climate emergency action. The Albanese Government has committed to a greenhouse gas emissions reduction target of 43 percent reduction from 2005 levels by 2030 and net-zero emissions by 2050. This follows the Paris Agreement in 2015 with commitment by 196 countries to a treaty to reduce emissions to 1.5 degrees Celsius on pre-industrial levels by 2030, and 2021’s United Nations Climate Change Conference (COP26) in Glasgow, and 2022 with follow-up status reporting.
Federal Minister for Climate Change and Energy, Chris Bowen, on 18 May 2023 outlined an update for the Net-Zero 2050 plan, in an address to the Clean Energy Council conference plans for emission reductions in six major economic sectors: electricity and energy, industry, the built environment, agriculture and land, transport, and resources. A consultation process with these sectors is now aiming at finding a path to achieving these emissions
