The article emphasizes the critical connection between real estate speculation and carbon emissions, highlighting that the construction sector is a major contributor to greenhouse gases. It argues against the common notion that more new construction is the sole solution to housing shortages while overlooking environmental impact. The piece advocates for the renovation of existing structures paired with supportive policies, suggesting that these approaches can not only reduce emissions but also maintain cultural integrity in communities. It calls for creative solutions to utilize existing buildings instead of opting for demolition.
It's become impossible to ignore the housing crisis's elephant in the room: the link between real estate speculation and carbon emissions.
According to the European Commission, the construction industry is the largest single producer of CO2 emissions, accounting for over one-third of all the greenhouse gas emitted globally.
Renovation has gotten a bad rap, in part because the capitalist class is just as happy to use it as a way of displacing families.
There are a lot of existing buildings we can make productive use of if we think creatively.
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