A NASA analysis confirms 2023 as the hottest year on record, outlining worrying trends that will most likely continue into 2024. According to the International Energy Agency (IEA), one of the industries with the highest CO2 emissions contributing to climate change is building and construction at 38%, and concrete alone accounts for 8%. Partanna has developed the world's first carbon-neutral building material that reduces emissions.
Partanna Founder and CEO Rick Fox joins Yahoo Finance to discuss how his company aims to reduce the construction's carbon footprint and revolutionize how buildings are made.
The 3-time NBA champion elaborates on the current customer base that is utilizing this breakthrough material:
"Those out there that want to make the change from traditional materials that are being used to the more nature-positive materials, they're making decisions around purchasing our materials, which is great. Depending on the product, there's a large scale in spectrum from high-end products all the way down to affordable housing. So, where we are in the Bahamas right now... we're building affordable housing, some thousand homes there where the materials there, obviously the margins are lower in that regard, all the way up to higher-end developers where we're building materials and structures for high-end development, luxury developments."
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