Reducing carbon emissions in buildings will be critical to achieving the Paris climate goals and achieving net zero emissions by 2050. Buildings represent 39% of global greenhouse gas emissions, including 28% in operational emissions and 11% in building materials and construction.
Global building floorspace is projected to double by 2060 and only 3% of investment in new construction is green and efficient, locking in high emissions for decades. The renovation rate for existing buildings is barely 1%, less than a third of the rate needed to meet the Paris climate goals.
GS Technologies Ltd (LON:GST), through its subsidiary, EMS Wiring Systems Pte. Ltd, provides services in the “Smart Building” sector. Smart Building is a diverse term that refers to the technological capabilities of buildings and other work place facilities.