A recent analysis by McKinsey and the World Economic Forum highlighted the vital role of circular retrofitting in conserving natural resources.
local leader who was allegedly involved in the recent violent protests against Bharatiya Janata Party former spokeswoman Nupur Sharma's incendiary remarks about Prophet Mohammed, in Allahabad on June 12, 2022. As the demand for built environment grows, there inevitable question becomes do we knock down existing buildings in order to make way for new developments, or try wherever possible to utilise existing structures and materials.
McKinsey partner and report co-author Sebastian Reiter said retrofitting existing building stock represents a “significant opportunity economically” and it is a “$1trillion market” in an interview. Gómez added a lot of retrofit work will be around insulation and meeting new energy efficiency standards.
He added retrofitting at a larger scale will also require new ways of thinking about technology and a more systematic approach to the built environment. Maksimainen added it is estimated around 80% of 2050’s building stock already exists today, and a large portion of that will need to be repurposed or remodelled to meet future needs.
“However, retrofitting still demands materials, such as insulation, concrete and steel, to enhance energy efficiency and structural integrity,” said Pauli.
Built Environment Demolition World Economic Forum Mckinsey
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