Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Mutual funds trim small-cap bets as institutional flows chase large caps – Jefferies explains what’s driving the trend – Money News
    • Debt MFs see outflow of ₹1 lakh cr in Sep on withdrawals from liquid, money market funds
    • Mutual Funds KYC: How To Check And Update Your Status, Here’s A Step-by-Step Guide | Savings and Investments News
    • What the changing dynamics of inflation could mean for UK bond markets
    • Debt MFs witness ₹1 lakh cr outflow in September on withdrawals from liquid, money market funds
    • SBI Mutual Fund’s top 5 SIP plans – up to 20% CAGR in 10 years; Rs 10K investment turns into Rs 35 lakh – Money News
    • BOV announces issue of up to €325 million unsecured euro medium term bonds
    • Deloitte study: most EU financial institutions are in early preparation stage to comply with the new anti-money laundering and countering financing of terrorism requirements and need significant investments to align to the new European framework
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»EPA’s Low Embodied Carbon Construction Materials Program funds research at UT-Austin
    Funds

    EPA’s Low Embodied Carbon Construction Materials Program funds research at UT-Austin

    October 29, 2024


    Tuesday, October 29, 2024 by Hunter Simmons

    The Joint Sustainability Committee heard a presentation on the Environmental Protection Agency’s Low Embodied Carbon Construction Materials Program at its most recent meeting on Oct. 23. The briefing was an opportunity for committee members to learn about the program, which focuses on reducing embodied carbon in the market by focusing on construction materials and is now working with the University of Texas at Austin.

    Federal government procurements represent roughly 2.5 percent of U.S. gross domestic product. They spend $90 billion on IT equipment and services, are the largest consumer in the nation (spending $18 billion annually), and use renewable energy to power 8.6 percent of facility electric energy needs. “We are really excited to leverage our purchasing power for this work,” said Johanna Anderson, special adviser for implementation at the EPA.

    The U.S. government is uniquely positioned to influence sustainability through its procurement activities. “We are the single largest purchaser in the world. Over $760 billion annually spent on goods and services. We manage over 350,000 buildings, 600,000 vehicles, and nearly one in every five acres of land in the United States,” said Anderson.

    The 2022 Inflation Reduction Act directed the EPA to develop a determination for “Substantially Lower Embodied Carbon Construction Materials” for the General Services Administration and Federal Highway Administration, provide grant funding and technical assistance to increase and improve environmental product declarations (EPDs), and create a label to help purchasers identify and procure lower embodied carbon construction materials.

    Embodied carbon of construction materials accounts for 15 percent of global greenhouse gas emissions. Most strategies to reduce embodied carbon of construction materials take place long before they arrive at a construction site. Because of this, the EPA’s plan specifically focuses on the product stage of construction materials, which includes the supply of raw materials, transportation to the factory and manufacturing. There is a wide range of strategies and alternative materials that can be implemented to reduce embodied carbon in the market, including energy-efficient manufacturing, salvage and reuse, U.S. and locally made materials, material efficiency, lower carbon input materials, durable materials (vs. high replacement rate), recycled content, bio-based materials, and renewable and lower carbon-intensive fuels.

    The goal of the EPD grant program is to support businesses that manufacture construction materials and products to develop and verify EPDs, as well as states, Native American tribes and nonprofit organizations that will support such businesses. The University of Texas at Austin was selected to receive $3,268,757 in funding for the Fiscal Year 2023-24 program. With this funding, the university is developing supply chain emission data sets for three salvage product categories: dimensional lumber, commercial doors and waste plastic. Using these data sets, the university intends to develop product category rules (PCRs) for salvaged materials and establish a framework for robust EPDs for salvaged materials. The project also includes an open-source toolkit for computing the environmental impacts of salvaged construction products and materials.

    The Label Program implementation approach was issued on Aug. 7, with the goal of fully launching in the fall of 2026. Phase one focuses on data quality improvement, phase two sets thresholds for low embodied carbon materials and phase three involves launching the EPA’s low embodied carbon labels with a public registry of products and materials. There will be a threshold setting, determined in phase two, and tiered labeling for three different levels of products based on their levels of carbon. With the public registry, “You will be able to go online and see that the concrete you are purchasing achieved the EPA label,” said Anderson.

    The label program does not address what type of material should be used in a project – it is limited to “like-to-like” comparisons. Specific materials to undergo labeling include steel, asphalt, concrete and flat glass. Additional materials may be added over time.

    Consumers can currently use the U.S. General Service Administration’s Sustainable Facilities Tool for Embodied Carbon Procurement, recommend the Federal Highway Administration’s Low-Carbon Transportation Materials Grants Program to the city’s Transportation and Public Works Department, and contact the EPA with questions or for direct technical assistance related to EPDs.

    Photo made available through a Creative Commons license.

    The Austin Monitor’s work is made possible by donations from the community. Though our reporting covers donors from time to time, we are careful to keep business and editorial efforts separate while maintaining transparency. A complete list of donors is available here, and our code of ethics is explained here.

    You’re a community leader

    And we’re honored you look to us for serious, in-depth news. You know a strong community needs local and dedicated watchdog reporting. We’re here for you and that won’t change. Now will you take the powerful next step and support our nonprofit news organization?





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Debt MFs witness ₹1 lakh cr outflow in September on withdrawals from liquid, money market funds

    October 22, 2025

    National University of Singapore to sell US$500 million in funds

    October 21, 2025

    Sovereign wealth funds, including Singapore’s GIC, drive biggest deals in US$3.5 trillion M&A year

    October 21, 2025
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    Mutual funds trim small-cap bets as institutional flows chase large caps – Jefferies explains what’s driving the trend – Money News

    October 22, 2025

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Mutual funds trim small-cap bets as institutional flows chase large caps – Jefferies explains what’s driving the trend – Money News

    October 22, 2025

    The Nifty 50 reached an intraday high of 25,932 on October 21, 2025, also a…

    Debt MFs see outflow of ₹1 lakh cr in Sep on withdrawals from liquid, money market funds

    October 22, 2025

    Mutual Funds KYC: How To Check And Update Your Status, Here’s A Step-by-Step Guide | Savings and Investments News

    October 22, 2025

    What the changing dynamics of inflation could mean for UK bond markets

    October 22, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Big Brother star begs fans to help raise funds for hospital treatment

    August 30, 2025

    Are mutual funds sitting on bigger cash reserves better than others? Know why too much, or too less cash allocation can backfire

    March 17, 2025

    The fall of Angela Rayner emphasises the rise in power of property

    September 16, 2025
    Our Picks

    Mutual funds trim small-cap bets as institutional flows chase large caps – Jefferies explains what’s driving the trend – Money News

    October 22, 2025

    Debt MFs see outflow of ₹1 lakh cr in Sep on withdrawals from liquid, money market funds

    October 22, 2025

    Mutual Funds KYC: How To Check And Update Your Status, Here’s A Step-by-Step Guide | Savings and Investments News

    October 22, 2025
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.