Infrastructure Policy Watch: cost of climate change to UK finances, public views on New Zealand infrastructure

Chris Richards | July 13, 2021 | 69 views

The Office for Budget Responsibility (OBR) in its latest Fiscal Risks Report has forecast the cost to the UK public finances from climate change (physical risks) and the transition to net-zero (transition risks) across a range of different scenarios.

Describing the challenge, the OBR states:

There are many other policy challenges to overcome, so the path to net zero can be expected to involve many policy levers on top of carbon taxes and emissions trading schemes, including bans and other regulations, and public subsidies and investment. These will all have economic and fiscal implications of one sort or another – either directly (via taxes and spending) or indirectly (via wider economic outcomes).
Taking early action to achieve net zero would add 21% of GDP to public sector net debt by 2050, a smaller amount than that added by the Covid-19 pandemic. This amount comes from increased spending on net-zero investment, the loss of tax revenues (such as fuel duty), revenues from tax on carbon and other costs such as increased debt interest payments.

Spotlight

Maser Engineering

Maser Engineering is a civil engineering professional private practice whose mission is to develop a better world. We accomplish this mission by offering a wide range of services for municipalities, private developers, K-12 schools, higher education, health care, architects, other engineers, and other various private firms.

OTHER ARTICLES
ENGINEERING TECH

EDM set to lead skills development in new £10 million digital engineering centre

Article | August 17, 2021

UWE Bristol will play a central role in a new £10 million digital engineering centre for the region. The Centre for Digital Engineering Technology & Innovation is a research, innovation and skills initiative created to develop and accelerate digital engineering across multiple industry sectors, to ultimately benefit future generations of engineers and engineering products, and to help tackle global challenges.

Read More
ENGINEERING TECH

Service Tech Mobile Unveiled at AHR

Article | July 13, 2022

The recent AHR Expo 2020 was a showcase of the very latest - and coolest - technologies for service contractors. From cutting-edge air and water purification systems to virtual reality headsets to advanced sensors and alert systems to enhance safety, one thing is clear: service contractors today have a lot more tools at their disposal than they have in years past.

Read More
ENGINEERING TECH

The Future of Construction from a Leader in SLAM-Based Laser Scanning

Article | July 20, 2022

Since the early days of the personal computer the construction industry has been slow to adopt digital technology. As a result, increases in construction productivity have lagged virtually every other major industry, such as automotive and aircraft manufacturing. It’s true that every construction project is different, unlike automobiles and planes, but we can do more to improve the future of construction.

Read More

Financial Engineering: How To Make SAP Shareholders Happy

Article | February 10, 2020

SAP is tweaking and twisting everything it can to make everybody happy. The efforts of Mucic, Morgan and Klein are remarkable. The three musketeers strike again: SAP co-CEOs Jennifer Morgan and Christian Klein as well as CFO Luka Mucic want to make everyone in the SAP community happy, and they want to make everyone happy all at once. To make that happen, they are moving large sums of money around – only through legal, albeit a little questionable, methods, primarily financial engineering.

Read More

Spotlight

Maser Engineering

Maser Engineering is a civil engineering professional private practice whose mission is to develop a better world. We accomplish this mission by offering a wide range of services for municipalities, private developers, K-12 schools, higher education, health care, architects, other engineers, and other various private firms.

Related News

CONSTRUCTION

Disperse Launches Impulse to Augment Project Team Performance

Disperse | November 24, 2022

Disperse, a leading provider of building productivity systems in the construction industry, today announced the launch of its new product, Impulse. The innovative product enhances processes commonly used in construction with performance insights that project teams can utilize to inform critical day-to-day decisions. In addition to quantifying work-in-place of over 480 task components, Impulse highlights issues that do not conform to design or that may require rework so that project teams can systematically address them. This requires minimal manual inputs from project teams and is instead derived from 360º image scans captured by Disperse operatives that are accessible to customers through a class-leading visual interface of interactive building schematics. Impulse replaces the previous product for all new engagements and has been well received by Disperse's customers, with 35% having already migrated to the new solution. Impulse visually integrates performance insights into building elevations and surfaces issues that even the most experienced team may not have the bandwidth to identify. Early customers use the work-in-place information displayed over building elevations during coordination meetings to drive more informed discussions with their trades. They also manage issues as broad as ensuring that a ceiling is closed after the rerouting of a pipe, all the way to quantifying outstanding scope to source a new contractor after a particular trade abandoned work on site. Impulse automatically tracks and, when relevant, resolves these issues using photographic documentation obtained through regular site scans, so that project teams can focus on driving productivity. “What makes us stand out in the market is our ability to reliably and consistently extract data from the site images we capture, We have now built on this capability and our new product, Impulse, gives our customers objective data in an intuitive format for use in everyday decisions. With Impulse, we are serving actionable insights to project teams so that they can make better decisions and drive on-site performance.” -Felix Neufeld founder and CEO Disperse. While most construction technology companies rely on project teams to provide status and progress information as well as visuals from their site, Disperse automates this process for project teams by integrating the image scans with project drawings, schedule and, when available, updated BIM model. In essence, Impulse relies on the strengths of artificial intelligence and industry experts working together to extract data from these inputs and generates performance insights that projects can readily use to drive decisions. Disperse customers continue to have access to the comprehensive as-built reports that they lean on for stakeholder communications. Key Features Track what matters with work-in-place insight of over 480 task components across Superstructure, Envelope / Façade, MEP, and Fit-Out. Quickly visualize and validate any work-in-place with new interactive building elevations that filter by trade, task activity, object / component, and location. Identify installations that do not conform to design drawings, that may require rework, or that may cause schedule delays with Spotlights, the early issue detection system, now actionable from within the platform. Spotlights also ensure no unexpected regressions occur by monitoring completed work. Keep project teams focused on driving progress while ensuring stakeholders stay informed with automated executive summary, progress, cost, and earned value reports, as well as with schedule integrations (P6, ASTA, MSP). Automated reports and insights are based on data that Disperse captures through our turn-key solution that integrates the image scans with project drawings, schedule, and when available, BIM model. This ensures project teams have consistent, quality scans that generate comprehensive as-built records once a project is complete. About Disperse.io: Disperse captures the state of construction projects and provides actionable insights in a way that is scalable, accurate, and reliable so that project teams can focus on getting things done. Disperse products combine artificial intelligence and human expertise to empower project teams with insights from data that allows them to make better decisions with an objective project status, minimize risk with reliable as-built records, and improve stakeholder communication.

Read More

ENGINEERING TECH

PulteGroup Announces Expansion of Innovative Construction Group Operations into South Carolina

PulteGroup | November 21, 2022

PulteGroup, Inc. (NYSE: PHM) today announced the unveiling of its subsidiary Innovative Construction Group’s second off-site solutions manufacturing operations in Florence, South Carolina. Focused on single-family and multi-family wood framed construction, this facility will expand ICG’s production and distribution capabilities to meet growing demand in the Southeast. “Part of the Company’s ongoing expansion of the ICG platform, we are excited to open our newest off-site production facility, This facility increases the scope of ICG’s manufactured framing solutions to serve new home construction in South Carolina, including PulteGroup’s communities in Myrtle Beach, Charleston, Hilton Head, Rock Hill and Columbia.” -Ryan Marshall President and CEO, PulteGroup. The Florence operation integrates cutting-edge technology, automation and intellectual property exclusive to ICG to deliver a comprehensive range of framing solutions. Designed to enhance production efficiency and build quality, ICG provides design services, wall panels, roof trusses and floor systems, and on-site installation to provide a fully integrated shell construction process. “Opening a facility in South Carolina was a natural next step to expanding the ICG platform as it allows for collaboration with our operations in Florida, while extending our offerings and services to several new housing markets, With this expansion completed, we are excited to shift focus towards further vertically integrating our operations.” -Ryan Melin, Co-Founder and President of ICG. About PulteGroup: PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of America’s largest homebuilding companies with operations in more than 40 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes, American West and John Wieland Homes and Neighborhoods, the company is one of the industry’s most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing consumer demand. PulteGroup’s purpose is building incredible places where people can live their dreams.

Read More

CONSTRUCTION

EarlyBirds Facilitates Construction And Building Industry Transition to Net Zero

EarlyBirds | November 24, 2022

EarlyBirds.io, builders of the Open Innovation Ecosystem, is pleased to announce that they and their platform can assist with transitioning the building and construction industries to Net Zero carbon emissions, to effectively limit the impacts of climate change on the world. Currently, the construction industry is responsible, directly or indirectly, for nearly 40 percent of global CO2 emissions from fuel combustion and almost 25% of greenhouse gas emissions overall. Construction has an outsized impact on global warming because many of the common materials used in modern buildings, such as cement and steel, can be very energy intensive to produce. On top of that, there’s also the energy load of heating and cooling buildings which accounts for 6 percent of global emissions. Because the design of a building and the materials used to build it are an important factor in the amount of energy required to heat or cool that building, it is important for the construction industry to consider not just the impact of construction but also the impact building design will have on ongoing operating costs and energy use. Of course, transitioning buildings to Net Zero Carbon Emissions isn’t just about building new buildings, as new buildings are necessarily more energy resource intensive than existing buildings. The work of making buildings climate friendly will create opportunities to retrofit existing buildings as well as ensuring new construction generates minimal emissions. Increasing demand for sustainable retrofitting solutions for existing buildings will put pressure on manufacturers and installers of low emission building material and green building systems to track and improve their energy use. The first companies to move into green engineering and performance are likely to be big winners, and EarlyBirds wants to help companies in the construction and building space think about how to make their work more planet-friendly. Companies focused on adopting new technologies and integrating them into their work are known to EarlyBirds as Early Adopters. Such organizations can find information about how they can use EarlyBirds to find innovative technologies to reduce carbon emissions in their work here: https://earlybirds.io/en/early_adopter. With the building industry, including construction, materials, equipment and operations, expected to grow by 38 percent by 2030, many new value pools are being created and the competitive landscape is being reshaped. The World Economic Forum outlines that tackling the challenges in the construction industry, both in terms of building materials and in new construction industry, both in terms of building material used in new construction and improving energy efficiency of buildings in use, will be crucial to reach the goals of Paris Agreement. By changing the way our supply chains work and stimulating innovative public procurement, we can accelerate innovation, extend product lifecycles and significantly change the way we build for a circular and climate-neutral future. The United Nations Sustainable Development Goals encourage nations and businesses to adopt inclusive and sustainable industrialisation, together with innovation and infrastructure to unleash dynamic and competitive economic forces to generate employment and income. This includes promoting new technologies, facilitating international trade and enabling the efficient use of resources. EarlyBirds enables this innovation by connecting organizations with engineers, designers, and others who are creating the innovations needed to achieve net zero carbon emissions and reach the Sustainable Development Goals. By creating innovation maps of the construction and building industry ecosystem and linking these to net zero goals and the circular economy supplies a fundamental building block for planning projects towards greater sustainability. These maps can be created with EarlyBirds award winning platform and services. EarlyBirds innovation maps are populated with the innovators from across the world including startup, scaleup and mature companies. The maps are updated in near real time and change in accordance with emerging industry trends and issues. These are created using subject matter experts and drawing on data from over 4 million global innovators.

Read More

CONSTRUCTION

Disperse Launches Impulse to Augment Project Team Performance

Disperse | November 24, 2022

Disperse, a leading provider of building productivity systems in the construction industry, today announced the launch of its new product, Impulse. The innovative product enhances processes commonly used in construction with performance insights that project teams can utilize to inform critical day-to-day decisions. In addition to quantifying work-in-place of over 480 task components, Impulse highlights issues that do not conform to design or that may require rework so that project teams can systematically address them. This requires minimal manual inputs from project teams and is instead derived from 360º image scans captured by Disperse operatives that are accessible to customers through a class-leading visual interface of interactive building schematics. Impulse replaces the previous product for all new engagements and has been well received by Disperse's customers, with 35% having already migrated to the new solution. Impulse visually integrates performance insights into building elevations and surfaces issues that even the most experienced team may not have the bandwidth to identify. Early customers use the work-in-place information displayed over building elevations during coordination meetings to drive more informed discussions with their trades. They also manage issues as broad as ensuring that a ceiling is closed after the rerouting of a pipe, all the way to quantifying outstanding scope to source a new contractor after a particular trade abandoned work on site. Impulse automatically tracks and, when relevant, resolves these issues using photographic documentation obtained through regular site scans, so that project teams can focus on driving productivity. “What makes us stand out in the market is our ability to reliably and consistently extract data from the site images we capture, We have now built on this capability and our new product, Impulse, gives our customers objective data in an intuitive format for use in everyday decisions. With Impulse, we are serving actionable insights to project teams so that they can make better decisions and drive on-site performance.” -Felix Neufeld founder and CEO Disperse. While most construction technology companies rely on project teams to provide status and progress information as well as visuals from their site, Disperse automates this process for project teams by integrating the image scans with project drawings, schedule and, when available, updated BIM model. In essence, Impulse relies on the strengths of artificial intelligence and industry experts working together to extract data from these inputs and generates performance insights that projects can readily use to drive decisions. Disperse customers continue to have access to the comprehensive as-built reports that they lean on for stakeholder communications. Key Features Track what matters with work-in-place insight of over 480 task components across Superstructure, Envelope / Façade, MEP, and Fit-Out. Quickly visualize and validate any work-in-place with new interactive building elevations that filter by trade, task activity, object / component, and location. Identify installations that do not conform to design drawings, that may require rework, or that may cause schedule delays with Spotlights, the early issue detection system, now actionable from within the platform. Spotlights also ensure no unexpected regressions occur by monitoring completed work. Keep project teams focused on driving progress while ensuring stakeholders stay informed with automated executive summary, progress, cost, and earned value reports, as well as with schedule integrations (P6, ASTA, MSP). Automated reports and insights are based on data that Disperse captures through our turn-key solution that integrates the image scans with project drawings, schedule, and when available, BIM model. This ensures project teams have consistent, quality scans that generate comprehensive as-built records once a project is complete. About Disperse.io: Disperse captures the state of construction projects and provides actionable insights in a way that is scalable, accurate, and reliable so that project teams can focus on getting things done. Disperse products combine artificial intelligence and human expertise to empower project teams with insights from data that allows them to make better decisions with an objective project status, minimize risk with reliable as-built records, and improve stakeholder communication.

Read More

ENGINEERING TECH

PulteGroup Announces Expansion of Innovative Construction Group Operations into South Carolina

PulteGroup | November 21, 2022

PulteGroup, Inc. (NYSE: PHM) today announced the unveiling of its subsidiary Innovative Construction Group’s second off-site solutions manufacturing operations in Florence, South Carolina. Focused on single-family and multi-family wood framed construction, this facility will expand ICG’s production and distribution capabilities to meet growing demand in the Southeast. “Part of the Company’s ongoing expansion of the ICG platform, we are excited to open our newest off-site production facility, This facility increases the scope of ICG’s manufactured framing solutions to serve new home construction in South Carolina, including PulteGroup’s communities in Myrtle Beach, Charleston, Hilton Head, Rock Hill and Columbia.” -Ryan Marshall President and CEO, PulteGroup. The Florence operation integrates cutting-edge technology, automation and intellectual property exclusive to ICG to deliver a comprehensive range of framing solutions. Designed to enhance production efficiency and build quality, ICG provides design services, wall panels, roof trusses and floor systems, and on-site installation to provide a fully integrated shell construction process. “Opening a facility in South Carolina was a natural next step to expanding the ICG platform as it allows for collaboration with our operations in Florida, while extending our offerings and services to several new housing markets, With this expansion completed, we are excited to shift focus towards further vertically integrating our operations.” -Ryan Melin, Co-Founder and President of ICG. About PulteGroup: PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of America’s largest homebuilding companies with operations in more than 40 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes, American West and John Wieland Homes and Neighborhoods, the company is one of the industry’s most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing consumer demand. PulteGroup’s purpose is building incredible places where people can live their dreams.

Read More

CONSTRUCTION

EarlyBirds Facilitates Construction And Building Industry Transition to Net Zero

EarlyBirds | November 24, 2022

EarlyBirds.io, builders of the Open Innovation Ecosystem, is pleased to announce that they and their platform can assist with transitioning the building and construction industries to Net Zero carbon emissions, to effectively limit the impacts of climate change on the world. Currently, the construction industry is responsible, directly or indirectly, for nearly 40 percent of global CO2 emissions from fuel combustion and almost 25% of greenhouse gas emissions overall. Construction has an outsized impact on global warming because many of the common materials used in modern buildings, such as cement and steel, can be very energy intensive to produce. On top of that, there’s also the energy load of heating and cooling buildings which accounts for 6 percent of global emissions. Because the design of a building and the materials used to build it are an important factor in the amount of energy required to heat or cool that building, it is important for the construction industry to consider not just the impact of construction but also the impact building design will have on ongoing operating costs and energy use. Of course, transitioning buildings to Net Zero Carbon Emissions isn’t just about building new buildings, as new buildings are necessarily more energy resource intensive than existing buildings. The work of making buildings climate friendly will create opportunities to retrofit existing buildings as well as ensuring new construction generates minimal emissions. Increasing demand for sustainable retrofitting solutions for existing buildings will put pressure on manufacturers and installers of low emission building material and green building systems to track and improve their energy use. The first companies to move into green engineering and performance are likely to be big winners, and EarlyBirds wants to help companies in the construction and building space think about how to make their work more planet-friendly. Companies focused on adopting new technologies and integrating them into their work are known to EarlyBirds as Early Adopters. Such organizations can find information about how they can use EarlyBirds to find innovative technologies to reduce carbon emissions in their work here: https://earlybirds.io/en/early_adopter. With the building industry, including construction, materials, equipment and operations, expected to grow by 38 percent by 2030, many new value pools are being created and the competitive landscape is being reshaped. The World Economic Forum outlines that tackling the challenges in the construction industry, both in terms of building materials and in new construction industry, both in terms of building material used in new construction and improving energy efficiency of buildings in use, will be crucial to reach the goals of Paris Agreement. By changing the way our supply chains work and stimulating innovative public procurement, we can accelerate innovation, extend product lifecycles and significantly change the way we build for a circular and climate-neutral future. The United Nations Sustainable Development Goals encourage nations and businesses to adopt inclusive and sustainable industrialisation, together with innovation and infrastructure to unleash dynamic and competitive economic forces to generate employment and income. This includes promoting new technologies, facilitating international trade and enabling the efficient use of resources. EarlyBirds enables this innovation by connecting organizations with engineers, designers, and others who are creating the innovations needed to achieve net zero carbon emissions and reach the Sustainable Development Goals. By creating innovation maps of the construction and building industry ecosystem and linking these to net zero goals and the circular economy supplies a fundamental building block for planning projects towards greater sustainability. These maps can be created with EarlyBirds award winning platform and services. EarlyBirds innovation maps are populated with the innovators from across the world including startup, scaleup and mature companies. The maps are updated in near real time and change in accordance with emerging industry trends and issues. These are created using subject matter experts and drawing on data from over 4 million global innovators.

Read More

Events