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  • European Buildings as Material Banks (BAMB) Sector: What are the Novel Growth Opportunities?
    The European green deal facilitates material reuse through BAMB digital platforms to enable circular economy

    Overview

    Climate change and the resulting environmental regulations continue to affect all European sectors, including the building construction and demolition space. The European Green Deal, a package of policy initiatives, boosts efficient resource use, outlining investments needed for climate mitigation and adaptation. It calls for a 40% reduction in overall emissions by 2030. Concerningly, the building sector presently accounts for 39% of carbon dioxide emissions. Developing and integrating digital solutions in the construction sector can enable the achievement of ambitious circular economy goals while maintaining circular values in existing buildings.

    • Buildings as material banks (BAMB) is a concept that views buildings as repositories of valuable resources that all stakeholders along the building value chain can reuse or upcycle.

    • BAMB solutions enable circularity in the construction sector along the entire building lifecycle on three levels: materials, components, and buildings.

    • Combining digital solutions, such as material passports and tagging sensors, with circular construction approaches allows the shift from recycling to reuse and upcycling. This generates revenue and reduces carbon emissions, raw materials consumption, and waste generation.

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