Green affordable housing is a vital opportunity to deliver climate mitigation and resilience through commercially viable, scalable solutions.

The built environment already contributes 39% of global greenhouse emissions, yet 70% of the buildings that will exist in Africa and Asia in 2050 are yet to be built. Cities are growing at an unprecedented rate, and by 2050 68% of the world, the population will be urban, with almost 90% of this increase being in Africa and Asia. This represents an increase of 2.5 billion people from today, yet already at least 1.2 billion people worldwide currently live in substandard housing.

New approaches that address both supply and demand side challenges must be utilized to ensure that affordable housing can be delivered at scale, alongside the required financial products for low-income households to meet their needs. At the same time investment must be channelled into the housing that is both sustainable and affordable to secure global net zero emissions by 2050.