The construction and operation of buildings is responsible for around 20% of our domestic emissions. The role of green finance in supporting the building and construction sector to meet Aotearoa New Zealand's targets for 2030 and 2050, and in doing so decarbonising our homes and buildings cannot be underestimated.
The Green Bond Principles are quite broad in terms of defining "Green Buildings". For this reason the NZGBC has set out our view on green building certifications that can drive down carbon emissions towards the targets set by the Paris Agreement, COP26 and beyond.
Green building certifications support the measurement, reporting and tracking of a building's performance setting baselines, designing roadmaps for improvements, and supporting disclosure of climate related risks and environmental impacts. They also evidence the meeting of sustainable development goals and improving resilience to climate change.