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WHAT'S NEXT?: 65 per cent of global construction growth for the next decade will happen in emerging markets. Smart cities, sustainable construction, greater urbanization and pre-fabricated buildings will all play their part in future construction growth.

  • [New] Financial think tank Carbon Tracker said that most of the gas plants that are planned or under construction in Europe and the US will never break even. Daily Mail
  • [New] The Scottish Government will allocate at least £1.8 billion over the next five years to support the accelerated deployment of heat and energy efficiency measures in homes and buildings. UK Government
  • [New] The installation of heat pumps across the UK is likely to increase substantially from 2025, when the ban on installing gas boilers in new build homes will lead to the introduction of low carbon alternatives. CMS Law-Now
  • [New] Financial think tank Carbon Tracker argues that most gas plants that are planned or under construction in Europe and the US will never break even. CityAM
  • [New] The grants for heat pumps will be available for households in England and Wales, as part of the UK-wide heat and buildings strategy. Sky News
  • [New] Toyota plans to build a new billion-dollar battery plant in the U.S. as the Japanese automaker ramps up development and production of the key components needed for hybrid and electric vehicles. Yahoo Finance
  • [New] Without resolving food insecurity, it will be difficult to build sustainable peace, and without peace the likelihood of ending global hunger is minimal. www.globalhungerindex.org
  • [New] Without achieving food security, it will be difficult to build sustainable peace, and without peace the likelihood of ending global hunger is minimal. ReliefWeb
  • [New] Production of fuel cell Tres is to start at Coolidge around the end of 2022 and build up throughout 2023. Forbes
  • [New] The NSW government has announned it will fund additional skills training and fast-track social housing builds as part of its COVID-19 recovery plan. SBS News
  • [New] China supports the construction of industrial parks in Tajikistan and will promote joint production between Chinese enterprises and Tajikistan. Carnegie Endowment for International Peace
  • [New] Open source financial primitives will provide the building blocks to create financial services for brand new use cases, at lower cost, and serve a global audience across the full socioeconomic spectrum. Future
  • [New] Octopus stretches its tentacles - UK renewable energy companies Octopus Energy and RES today announced plans to invest $4.1 bln by 2030 to construct green hydrogen plants across the UK. the weekly ledger
  • [New] Green hydrogen is considered a power source that might one day replace fossil fuels and trials are already underway in Australia of hydrogen powered vehicles and buildings. ABC (Australia)
  • [New] LNG export facilities can take years to build, and there are several projects in North America in the works that are not expected to start exporting until the middle of the decade. Reuters
  • [New] During the first half of 2021, pandemic-induced supply chain disruptions prompted companies in other industries to build up their inventories by over-purchasing chips. Deloitte United States
  • [New] China, Russia and Korea have successfully constructed many recent projects in five to seven years both at home and abroad, so it is possible that some additional reactors that start construction before 2025 could be completed by 2030. Nei Magazine
  • [New] In 2021, the global construction sector is expected to show a robust recovery fuelled by low interest rates and governments focusing on infrastructure projects as part of their recovery plans. World Steel Association
  • [New] The Egyptian government has announced plans to invest $8.5bn by 2050 to build 47 seawater desal plants through public-private partnerships, increasing its desal capacity by 6.4m cubic metres a day. African Business
  • [New] A large majority of buildings should achieve a good level of energy efficiency by 2030, and all homes should meet at least equivalent to an EPC band C standard by 2033. UKERC

Last updated: 20 October 2021


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