Cities consume approximately 70% of global energy and are projected to house approximately 60% of the global population by 2030. Given increasing urbanization globally and their large energy footprints, cities are well positioned to have significant effects on energy use. Consequently, cities around the world have taken leadership positions in developing climate change policy to curb greenhouse gas (GHG) emissions. Such policy is often an important anchor for smart city initiatives. Buildings account for up to 70% of energy consumption in major cities and 30% of GHG emissions globally. Therefore, improving the energy efficiency of buildings is a key element in reducing the carbon footprint of cities.
In this context, the concept of smart building is gaining in popularity. Smart buildings leveraging Internet of Things (IoT) technologies are becoming another element in the complex network of the smart city as they become more integrated into energy and data networks. The data collected and insights generated by smart building technologies can lead to changes in facilities management that reduce energy consumption for climate and sustainability goals and help improve public health and safety.
The relationship between smart city projects and smart building technology is mutually beneficial – smart city agendas encourage smart buildings market growth, as well as how smart building technologies contribute to smart city goals. First, smart city agendas can encourage smart buildings market growth if the government assumes the role of a regulator. It can mandate policies like benchmarking and energy use reporting to achieve energy efficiency goals, as well as provide incentives and subsidies to encourage technology adoption. Second, smart building technologies can contribute to smart city goals if the government is viewed as a (public) building owner. This way governments can lead by example, setting energy efficiency goals, implementing IoT technologies, and providing open data platforms for the public.
This session will cover this and the steps governments can take to push the smart buildings market forward.