Accounting Framework for Biobased Construction
The report Accounting Framework for Biobased Construction outlines an innovative approach to biobased building projects, focusing on using sustainable materials such as timber. It emphasizes the importance of an integrated value assessment to connect supply and demand while fostering collaboration between various stakeholders, including investors and contractors. The framework is designed to help overcome building challenges such as carbon emissions and nitrogen limits while ensuring adherence to climate goals, such as the 1.5°C target of the Paris Agreement.
Key Takeaways
- Sustainable Solutions: Biobased materials like timber are key to constructing buildings that sequester and store CO2, reducing the environmental impact of the construction industry.
- Framework for Value Assessment: The framework includes tools for assessing the environmental and social impact of biobased projects, helping stakeholders make informed decisions based on sustainability and long-term value.
- Blended Finance: A financial model that incorporates carbon value into investment decisions, enabling more stakeholders to contribute to biobased projects and ensuring long-term sustainability.
How It Can Help You
This framework is useful for architects, developers, policymakers, and investors interested in:
- Creating sustainable construction projects that align with the Paris Agreement.
- Using biobased materials to reduce environmental impact and meet carbon emission goals.
- Incorporating value-based financial models to attract investment and ensure long-term project success.
Key Learnings
- Biobased Construction: Using renewable materials that absorb carbon during growth is essential to building projects that reduce overall carbon emissions and meet the goals of the Paris Agreement.
- Blended Finance: Incorporating carbon value into financial models helps make biobased construction financially viable and attractive to investors.
- Value-Based Decision Making: Tools like the ONCRA assessment provide a broader perspective on the impact of building projects, enabling stakeholders to prioritize social and environmental values.
Date: December 2021
