The construction industry will benefit from climate change

Building a cleaner planet: The construction industry will benefit from climate change
In Commercial real estate, Construction industry, Energy and climate change, Energy policy, Energy sector, Environmental policy, Fiscal policy, Housing policy, Megatopics, Real estate, Residential real estate, Retail trade, Sectors / commodities, Transport, Transport policy

Climate change harbours opportunities for construction and its ancillary industries because construction work is frequently needed to reduce CO2 emissions from buildings. More weather extremes are also likely to cause greater property damage going forward – and the associated clean-up and repair work, as well as preventive measures, will generate business for the construction industry and building materials suppliers. What is more, in the coming decades Germany’s power plants will require extensive investment. We sketch out three scenarios featuring differing degrees of environmental regulation and estimate the value of construction work occasioned by climate change and environmental policies up to 2030.