"This is historic," said COP28 President Sultan Al Jaber during a news conference after global delegates formally adopted a climate damage fund that was decades in the making.
Several countries pledged millions of dollars to the fund, which will help nations hit hardest by the climate crisis. It's an early success on the first day of talks that allows more time to discuss the thorny issues around slashing fossil fuels.
But the United States is receiving criticism over the amount it is contributing to the fund – less than a fifth of the United Arab Emirates' contribution and 14 times less than the European Union's.
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The Planning and Infrastructure Act with Royal Assent marks a structural shift in UK sustainable construction. The confirmation of the Nature Restoration Fund embeds environmental sustainability in construction as a financial and design parameter. Developers are being pressed to integrate eco-design for buildings that secure measurable biodiversity gains through sustainable building design and avoid reliance on late-stage offsets. The new framework compels teams to embed life cycle thinking in construction and net zero Whole Life Carbon goals at concept stage, linking green infrastructure and green building materials with demonstrable life cycle cost benefits.
The National Wealth Fund’s £800m guarantee for SSEN Transmission’s northern Scotland upgrade is significant for decarbonising the built environment. Enhanced transmission capacity strengthens the credibility of net zero carbon buildings and all-electric, low carbon design strategies. It enables contractors to adopt resource efficiency in construction through on-site flexibility solutions such as storage and hybrid power. Grid readiness becomes a core marker of low carbon building performance, reinforcing the importance of lifecycle assessment and embodied carbon data in project delivery.
Thames Water’s long-term onshore wind agreement exemplifies carbon footprint reduction at infrastructure scale. This move accelerates a shift towards circular economy in construction, low embodied carbon materials, and the broader application of carbon neutral construction practices across supply chains. Clients expect partners to deliver sustainable building practices that quantify embodied carbon in materials and achieve verifiable net zero carbon outcomes, supported by Whole Life Carbon Assessment and BREEAM or BREEAM v7 certification.
Government rhetoric defining nature as critical national infrastructure is reshaping procurement. Tenders increasingly demand whole life carbon analysis, carbon footprint of construction metrics, and renewable building materials that support end-of-life reuse in construction. The emphasis is on circular construction strategies, sustainable material specification, and building lifecycle performance aligned with whole life carbon baselines. Industry leaders are adjusting to a future where sustainable construction is no longer aspirational but a regulated expectation, reinforcing the commercial case for sustainable design and the Circular Economy.
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