Dual-carbon development opportunities and challenges in the property industry: A key role in China’s low-carbon transition

Abstract

This paper aims to explore the key role of the property industry in China’s low-carbon transition, and analyze the opportunities and challenges of its dual-carbon development. Firstly, the urgency of global greenhouse gas emissions and the importance of property industry in carbon emissions are introduced, then the definition and significance of carbon neutral and dual carbon goals are analyzed, and the international and domestic dual carbon policies and commitments are reviewed. Then it lists the main sources and components of carbon emissions of the property industry in detail, and evaluates the carbon footprint of the property industry. Next, it discusses the opportunities of new technology and innovation, renewable energy, carbon finance and carbon market for the dual-carbon development of the property industry. At the same time, it also discusses the challenges of technical constraints and cost pressures, the uncertainty and landing problems of policies and regulations, and the difficulty and constraints of landlord and tenant participation. Finally, the paper puts forward policy suggestions to promote the dual-carbon development of the property industry, including setting clear carbon reduction targets and schedules, providing policy support and financial incentives, and establishing industry cooperation and sharing mechanism.