Climate tech expedites decarbonization. Roles of startups, cities, and you.
Climate tech expedites decarbonization. Roles of startups, cities, and you.

Innovative climate technology provides the opportunity to rapidly decarbonize the building sector – from emerging carbon-storing building materials that slash embodied carbon emissions, to innovative occupancy sensing for HVAC optimization to reduce operating emissions. However, the building sector is a risk-averse industry, and scarce opportunities for pilot projects can limit scalability of new innovations. This session will share insights from a collaborative effort between RMI’s Third Derivative program and C40 Cities, highlighting the challenges and opportunities for piloting new technologies in building construction and renovation. Further, this session will share the realities of piloting new technologies, and how to mitigate risks – from procurement to performance and liability. Buildings are responsible for 40% of global GHG emissions, and the challenge is growing – global floor area is expected to double by 2060, and existing buildings face a growing need for renovations. As a result, the global construction industry is massive, with an expected aggregate market size reaching$14 trillion by 2030. Despite the significance of the challenge and size of the market, the built environment has been relatively neglected by venture capital and philanthropy, receiving less than 5% of VC funding between 2013 and 2021, and less than 5% of philanthropic funding to climate mitigation between 2018 and 2021. New approaches and collaborations are needed for the building sector to reach net zero goals, with technology, innovation, and the market playing a disproportionately important role. For AEC professionals and developers – this session will share lessons learned from successful (and unsuccessful) pilot projects of new technologies, and de-risk the perceived challenges of trying new, innovative products in your buildings. For cities – this session will dive into what role innovative climate tech can play in meeting cities’ climate, adaptation, and emissions goals and how city governments can foster the technology advancement.