Construction, both residential and commercial, is a major source of GHG emissions.
Governments across the world are embracing the idea of net zero buildings and introducing laws to encourage companies and consumers to move in that direction.
There is continual innovation in this area, and many investment opportunities that enable a reduction in GHG emissions from buildings.
Ongoing innovation in the heating, ventilation and air conditioning space is viewed as crucial to driving a meaningful reduction in the carbon footprint of a commercial or residential building.
Heating and ventilation forms around half of the energy consumption of a building, and demand for solutions in this space is forecast to double by 2050.
By modernising HVAC systems, through both hardware and software based solutions, companies can improve their overall energy efficiency as well as reduce GHGs.
For example, Trane Technologies provides energy-efficient air conditioning and refrigeration solutions to both commercial and residential buildings, including hardware and after-care support.
The company was able to save its customers almost 8 million metric tons in carbon emissions in 2020, and there is scope for this to continue growing in the future as the technology is increasingly adopted, and companies benefit from potential savings in infrastructure-related emissions.