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Carbon Productivity in practice So when the right policies and R&D environment allow the principles of Carbon Productivity to flourish across different industries and value chains, what does it look like? Over the next few pages, we highlight some key developments across three key value nexuses in the global economy: cities, materials and food. Cities Picture a city where for every mile travelled in a private or public vehicle, more carbon is sequestered than emitted. Offices and homes self-generate heating and cooling, or create it using power from renewable sources that are connected to a smart grid to optimise energy use. The buildings themselves are constructed from materials that take carbon dioxide from the air and lock it up for decades, even centuries. Integrated into this cityscape are living, biodiverse ecosystems — used for food production, recreation, water filtration, temperature moderation and more — which draw carbon from the atmosphere down into the soil. This vision may sound far-fetched, but in reality, most of the technologies required to transform the Carbon Productivity of tomorrow’s cities already exist today. Most of the technologies required to transform the Carbon Productivity of tomorrow’s cities already exist today. Maximising the energy efficiency of buildings is a form of low-hanging (and bountiful) fruit when it comes to enhancing the Carbon Productivity of our cities. Project Drawdown calculates that if just one in ten new buildings achieves net zero performance by 2050, this would lead to a 7 gigaton net reduction in atmospheric CO2 (equivalent to roughly 20% of current annual global emissions).49 Improving the energy efficiency of buildings is, meanwhile, projected to be a $555-770 billion a year market opportunity by 2030.50 Given this, it is perhaps no surprise that investor interest in green buildings is on the rise. Over the period from 2014 to 2017, Citibank delivered $2.8 billion of financing for green buildings and energy efficiency.51 49 http://www.drawdown.org/solutions/buildings-and-cities/net-zero-buildings 50 Business & Sustainable Development Commission, Better Business, Better World, https://bit.ly/2mfsIjM 51 Citi group, Sustainable Growth at Citi, http://citi.us/2whYbVh 19PDF Image | Our Carbon Future White Paper
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