Leaders of the commercial real estate industry attending COP 27, the United Nations climate conference being held this year in Sharm El-Sheikh, Egypt, said a variety of challenges and opportunities lie ahead in the industry’s drive toward sustainability.

The challenge is massive. Scientists estimate that buildings are responsible for 40 percent of greenhouse gas emissions—14 gigatons per year in operations, and another 14 gigatons from construction materials, according to Roland Hunzicker, director of the built environment for the World Business Council for Sustainable Development.

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