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Blockchain and other DLTs hold great promise to help solve key energy challenges. The growing number of connected devices and distributed energy resources is adding further complexity to the rapidly evolving energy system. Blockchain may play an integral part in connecting consumers, electric utilities and third parties to these devices and the wider system, in a more secure, efficient, and distributed way.
People spend most of their time inside buildings, and buildings are responsible for approximately one third of total direct and indirect energy-related worldwide carbon emissions. Likewise, buildings in the U.S. account for about 40% of total U.S. energy consumption. Future building development will be driven not only by emerging challenges such as vulnerability to a changing climate and resource scarcity, but also by disruptive innovations and societal changes.
The built environment accounts for approximately forty percent of the total energy consumption in developed countries. Because buildings have a long life, the greatest opportunity for energy reduction in the built environment will come from energy conservation in the existing building stock. An overview of the policy challenges presented by the built environment, with an emphasis on existing facilities, is accompanied by a discussion of specific technologies that may have the potential to reduce energy use.
