Could the Low Carbon Building Initiative help establish a common framework for carbon accounting?
Could the Low Carbon Building Initiative help establish a common framework for carbon accounting?
LCBI has been featured in the December 2023/January 2024 Sustainable Investing Issue of PERE : Private Equity Real Estate Magazine. The article highlights the critical need of a common European language for buildings carbon accounting, on their entire lifecycle, in order to facilitate understanding and investment towards low-carbon buildings.
“Heavy rains, heatwaves and other extreme weather events across Europe have brought the reality of climate change to the continent’s doorstep. The importance of reducing greenhouse gases and transitioning to a more sustainable future is clear, but pathways toward decarbonization in real estate remain clouded by a lack of standardization in carbon accounting methods.
The Low Carbon Building Initiative (LCBI), a non-profit aiming to reduce carbon emissions in the real estate industry, is working with the biggest names across Europe to develop a harmonized approach to carbon accounting. Nearing the end of the six-month pilot phase involving 15 projects across seven countries, the LCBI is establishing a common carbon accounting methodology, aiming for it to be scaled across Europe and beyond. (…)”