Space Tech, Prop Tech

Space exploration is driving the creation of futuristic technologies that have a potentially vast range of applications on earth if they are effectively harnessed by business and innovators. The World Economic Forum, introduced a new standard called the Space Sustainability Rating (SSR), in 2022, which aims to recognise, reward, and encourage space actors to design and implement sustainable and responsible space missions. The real estate industry, which consumes close to 40% of all raw material and energy globally and accounts for a little over 30% of carbon dioxide emissions is increasingly turning towards PropTech to mitigate these ill-effects as much as possible.
According to a report by the World Green Building Council, green buildings have been shown to save money through reduced energy and water use and lower long-term operations and maintenance costs. By 2050, more than half of the world’s population is expected to live in urban areas , bringing huge challenges - and opportunities - for investment in sustainable infrastructure across all sectors of the economy. Technology and innovation have a key role to play in the switch to a low carbon economy with sustainable infrastructure.