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The Global Innovation Lab for Climate Finance (the Lab) endorsed six innovative financial instruments to unlock USD 795 million for climate action in challenging sectors such as climate resilience, conservation, and housing.
Nairobi, 12 September 2023 – Rapid urbanisation worldwide means every five days, the world adds buildings equivalent to the size of Paris, with the built environment sector already responsible for 37 per cent of global emissions. A report published today by the UN Environment Programme (UNEP) and the Yale Center for Ecosystems + Architecture (Yale CEA), under the Global Alliance for Buildings and Construction (GlobalABC), offers solutions to decarbonize the buildings and construction sector and reduce the waste it generates.