The city of Copenhagen hopes to become climate neutral within the next decade. SAINT-GOBAIN © Alamy Stock Photo/Oliver Förstner For the construction sector, it is important for green financial incentives to make it possible to fund the refurbishment of old housing in a low-carbon manner. As a cornerstone of the decarbonization strategy, energy efficiency renovation with improvements to the envelope and the building, is amajor lever – acting on two levels. On the one hand, there is operational carbon (see page 27), incorporating housing-related energy optimization (water, gas, electricity) and better tracking of energy consumption. On the other hand, there is embodied carbon, including insulation that helps with energy savings. Refurbishment may often be seen as the preferred option, with a lower carbon impact than demolishing and rebuilding. But regardless of whether it is a new or refurbishment project, measuring the carbon impact of its activities should help the construction sector drive transformation, growth, and opportunities. 26
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