8 June 2021
“The IEA Net-Zero Roadmap report highlights the vital role that the building sector will play in reaching the emission reduction goals of the Paris Agreement. The report provides some key guidance to pursue and accelerate the net-zero transition in which Longevity is fully engaged. To halve global emissions by 2030, critical actions will need to be taken in the next ten years and the team at Longevity Partners stands ready to support the real estate market in this unprecedented transformation.”
Etienne Cadestin – Founder & Global CEO at Longevity Partners
Longevity Partners welcomes the publication of the International Energy Agency’s latest report – Net Zero by 2050: a Roadmap for the Global Energy Sector, as well as guidance it provides on how the buildings sector will contribute to achieving a net-zero energy system by 2050. The IEA’s Net Zero Emissions (NZE) scenario highlights energy efficiency and electrification as the two main drivers for the decarbonisation of the buildings sector. These two areas form the core of Longevity Partners’ strategy and will remain our priorities going forward.
The 400+ milestones laid out in the report provide key indicators for companies willing to transition to net-zero. Longevity Partners will in fact use these milestones as a reference when developing strategies for its partners as well as its own 5-step approach to net zero carbon.
The IEA’s net-zero scenario projects that the share of fossil fuels in energy demand in the buildings sector will drop to 2% by 2050. This highlights the need for real estate asset owners to plan this technological transition far in advance to avoid brown discounts and obsolescence. Longevity Power is well suited to be a key player in helping to fulfil this need, with its strong track record of conducting assessments to determine the most suitable renewable energy solutions for each business and then implementing them.
The IEA scenario also foresees that 85% of buildings will need to comply with zero-carbon-ready building codes by 2050, and that codes need to be introduced in all countries by 2030 at the latest. Longevity Partners is also perfectly suited to lead this transition as one of the largest assessors of green buildings in the world under various internationally recognised standards. It will continue to be a leading provider of these services as the building codes landscape evolves.
Finally, reducing emissions from the buildings sector by 95% by 2030 will only be possible if a policy framework facilitating those key decarbonisation actions is put in place. To help achieve this, Longevity Partners will be working with stakeholders in the real estate sector to identify key policy barriers and opportunities on this path to net-zero laid out by the IEA.
Contact our team for more information about our services:
Strategy Development: Ding Li
Building Optimisation: Laure Ferrand
Clean Energy: Anthony Maguire
Policy: Agathe Kuhn
Data Management & Reporting : Benjamin Watkins