How to make our homes and buildings more sustainable in 2023


According to the International Energy Association (IEA), the buildings sector in 2021 was responsible for around one-third of global energy and process-related CO2 emissions.

Specifically, 6% of these emissions resulted from the manufacture of cement, steel, and aluminium used for construction; 8% from the use of fossil fuels; and 19% from the generation of electricity and heat needed to maintain them.

This makes one thing clear: more attention needs to be paid to making our buildings greener and more sustainable.

Thankfully, 2023 will be the year when we start taking some significant steps towards this goal.

“The building sector has not received nearly the amount of attention that it deserves given the havoc it wreaks on the environment,” Talia Rafaeli, Partner at KOMPAS, a Copenhagen-based early-stage VC firm, told TNW.

“Next year, I think that the quicker we provide financing to scale sustainable technologies for the built environment, the faster we reach economies of scale to allow for widespread adoption,” she added.

Rafaeli specified that the investments should focus on the following: lower-emission concrete, green steel, cooling technologies to improve HVAC systems (heating, ventilation, and air conditioning), and heat pumps.

Optimistically, we’re already seeing European companies developing projects on lower-emission concrete and green steel production.

Among them, is the Finnish Betolar, a business is creating an alternative to cement-based concrete. There are also Swedish manufacturers H2 Green Steel and SSAB, which are developing hydrogen-based green steel solutions.