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Buildings consume over 70 per cent of the electrical power generated and 40 per cent of primary energy and are responsible for 40 per cent of carbon dioxide emissions from related fuel combustion. At the same time, in 2018, out of 4.5 trillion USD spent on building construction and renovation, the…
Risk is a part of our everyday lives. When we wear a helmet to ride a bike, for example, we accept a small inconvenience to reduce the risk of a fall or an accident. When a homeowner decides to retrofit their house, they incur a cost to shield against an earthquake or a flood. Faced with the COVID-…