Research Briefing
| Sep 11, 2023
Why We Need to Decarbonise the Construction Value Chain
![](https://www.oxfordeconomics.com/wp-content/uploads/2023/03/IPAD-Implication-of-inflation-pressures-and-monetary-policy-normalisation.jpg)
- Many major economies have committed to becoming Net Zero by 2050, but few appear to have a coherent plan to fully decarbonise its construction sector.
- Steel and cement, responsible for 7% and 7-9% of global emissions respectively, are the largest contributors to the construction value chain’s embodied carbon.
- There is a major disconnect between stakeholder incentives along the construction value chain which remains highly fragmented and leads to a lack of innovation with short-termism driving a focus on lowest cost rather than maximising sustainability.
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