Co-published by the World Economic Forum and McKinsey, July 2023

This whitepaper explores how circular practices, such as material reuse and recycling, can significantly reduce CO2 emissions in the built environment. The construction sector is responsible for 40% of global emissions, and the report highlights key strategies to reduce embodied carbon, including carbon recirculation and recycling demolition waste. Circularity is framed as a practical solution for reducing emissions while generating financial benefits and improving supply chain resilience.

Keywords: Climate Change, Construction/New Buildings, Energy Efficiency/Management, Smart Cities, Sustainable Materials, Decarbonization, Circular Economy