An ecosystem of partnership and collaboration is crucial to accelerate the race to net zero: JLL

An ecosystem of partnership and collaboration is crucial to accelerate the race to net zero: JLL

Cairo, Egypt: JLL, the leading professional services firm specialising in real estate, investment management, and development consultancy, hosted an informative discussion titled "Cities, Real Estate, and Decarbonization" at COP 27 with the goal of encouraging collective action towards decarbonization of real estate as a key tenet of climate reform.

With more than 60% of carbon emissions within our cities typically coming from buildings, a growing number of governments recognise that it is time to act. Yet there is a significant gap between the policies enacted in municipalities, the impact of the real estate industry, and climate science that indicates the need to reach peak emissions to limit global warming.

The key to progress lies in partnerships. No single stakeholder group has the resources or capabilities to accomplish the decarbonization of our cities – and the real estate sector – alone. Increased collaboration is required to educate, help scale technology, and create the right balance between regulation, incentivization, and advocacy. In the context of the same, the "Cities, Real Estate, and Decarbonization" symposium brought together industry experts on a common platform to deliberate on how city governments and the real estate industry could work together to ensure the realisation of vital climate goals