WEBVTT 1 00:00:00.480 --> 00:00:02.640 To achieve net zero in buildings and infrastructure 2 00:00:02.640 --> 00:00:04.720 we need to think beyond best practices. 3 00:00:04.720 --> 00:00:07.920 It will require deep collaboration across the entire value chain 4 00:00:07.920 --> 00:00:09.320 and a transformation in the way 5 00:00:09.320 --> 00:00:13.200 buildings are designed, built, powered and ultimately deconstructed. 6 00:00:13.440 --> 00:00:17.000 In this series, we speak to senior executives from leading Nordic companies 7 00:00:17.000 --> 00:00:20.160 about what they believe are the biggest green growth opportunities. 8 00:00:20.680 --> 00:00:21.400 I’m Esben. 9 00:00:21.520 --> 00:00:22.800 Welcome to Nordic Net Zero 10 00:00:28.360 --> 00:00:30.320 At present, buildings and infrastructure 11 00:00:30.320 --> 00:00:33.480 accounts for up to 40 percent of all greenhouse gas emissions in the Nordics. 12 00:00:33.800 --> 00:00:37.040 With the right kind of investments and a switch towards greener alternatives, 13 00:00:37.200 --> 00:00:39.800 we have a 54 megaton reduction potential. 14 00:00:42.560 --> 00:00:46.360 Looking into partnerships to succeed in the green transition, 15 00:00:47.000 --> 00:00:52.520 if I want to give one concrete example, I would like to see new players 16 00:00:52.760 --> 00:00:56.960 that get into the circularity value chain 17 00:00:57.440 --> 00:01:01.360 that helps us to get our materials back to the factories, 18 00:01:01.640 --> 00:01:05.680 and that separates the waste streams from the construction site 19 00:01:05.920 --> 00:01:08.760 so that we can get our materials back 20 00:01:08.760 --> 00:01:12.440 and also other material that we can use to upcycle. 21 00:01:13.480 --> 00:01:19.320 One of the biggest challenges with the circularity in the building industry for building materials 22 00:01:19.320 --> 00:01:24.080 is the huge amount we are dealing with and that we tend to mix these products. 23 00:01:24.080 --> 00:01:28.600 So I think there are public / private partnerships needed 24 00:01:28.600 --> 00:01:33.640 where governments, companies, industries 25 00:01:33.640 --> 00:01:37.280 and even between countries you look at waste streams 26 00:01:38.480 --> 00:01:44.400 Today about 1/3 of waste on the planet arise from the construction industry. 27 00:01:44.840 --> 00:01:47.840 That needs to be solved, because we have only one planet 28 00:01:48.200 --> 00:01:50.000 and we have more and more people. 29 00:01:50.000 --> 00:01:53.400 And if we are just going to tear everything down and rebuild it 30 00:01:53.400 --> 00:01:54.840 it is simply not big enough. 31 00:01:54.840 --> 00:01:56.560 So we need to take care of what we have, 32 00:01:56.560 --> 00:01:59.800 renovate it and we need to use circular materials, 33 00:01:59.800 --> 00:02:02.960 so when we build new energy efficient buildings, 34 00:02:02.960 --> 00:02:07.200 we use materials, that at end of life can be used again. 35 00:02:07.200 --> 00:02:09.160 So, we don’t waste this planet. 36 00:02:09.920 --> 00:02:17.120 Obviously our handprint, support and decarbonization of the planet is super important, 37 00:02:17.120 --> 00:02:20.840 but we have an important homework as we are a big emitter, 38 00:02:20.840 --> 00:02:24.360 we are a manufacturing, deep processing company, 39 00:02:24.800 --> 00:02:28.400 we need to reduce our footprint and the way we do that 40 00:02:28.400 --> 00:02:33.200 is that we have to put in quite some R&D resources to develop new technologies. 41 00:02:34.520 --> 00:02:38.800 We dropped our CO2 Absolute emissions with more than 70% 42 00:02:38.800 --> 00:02:41.800 and also per ton produced with more than 70%. 43 00:02:42.320 --> 00:02:46.720 We started off with testing to melt with natural gas, 44 00:02:46.720 --> 00:02:49.840 that is better that using any other fossil fuels, 45 00:02:50.320 --> 00:02:53.360 and once we felt comfortable with that process, 46 00:02:53.360 --> 00:02:56.240 we took the step and now we are doing it with biogas, 47 00:02:56.240 --> 00:03:00.680 which means we are CO2 free on that part of the energy equation. 48 00:03:01.240 --> 00:03:06.080 If we look at the solutions to decarbonize buildings and construction industry, 49 00:03:06.520 --> 00:03:07.960 they're actually all there. 50 00:03:08.520 --> 00:03:11.080 We often talk about new technologies and that, 51 00:03:11.080 --> 00:03:14.560 but isolation has been here for 80 years, 52 00:03:14.920 --> 00:03:16.400 heat pumps, 53 00:03:16.400 --> 00:03:17.400 better windows - 54 00:03:17.760 --> 00:03:18.840 It all exist. 55 00:03:18.840 --> 00:03:21.840 It is actually just a matter of getting the work done. 56 00:03:23.520 --> 00:03:26.320 To take on climate leadership and help others decarbonize, 57 00:03:26.320 --> 00:03:28.360 we have to decarbonize our own house first. 58 00:03:29.120 --> 00:03:32.960 It will require use of sustainable alternatives such as green steel and cement, 59 00:03:32.960 --> 00:03:35.200 as well as thinking recycle and waste management 60 00:03:35.200 --> 00:03:37.080 across the lifecycle of the building. 61 00:03:37.720 --> 00:03:39.280 We have to improve energy efficiency 62 00:03:39.280 --> 00:03:41.840 and cut down on energy consumption overall as well. 63 00:03:41.840 --> 00:03:43.440 Abandon fossil fuel boilers 64 00:03:43.440 --> 00:03:46.520 and move towards district heating and heat pumps to heat our houses. 65 00:03:46.880 --> 00:03:49.080 But going green is not only good for the climate. 66 00:03:49.440 --> 00:03:50.640 It’s good for business too.