The consistent rhetoric that there is nothing that humans can do to save our climate
is a misunderstood myth. With legislation changing on all three levels of government
– locally, nationally and internationally in the form of “Climate Action and Low Carbon
Development Bill 2020”, the “European Green Deal” and the “Paris Agreement”
respectively, that points to a vision that business practices and processes need to
adapt to a more circular economy.
With the use of secondary research, we analysed the construction industry’s impact
on our environment, what hemp is capable of doing for the environment and lastly
the feasibility of investing in the hemp construction industry.
The construction industry adds many pollutants to the environment, not just in the
form of carbon emissions. In Ireland, there is an increase of construction demand
(creating a larger effect on the environment than previously) due to the housing
crisis. The legal status is shifting towards a carbon neutral world therefore it would
affect the way the construction industry meets the demand for housing.
Hempcrete as an alternative construction material to concrete, is seen as the
healthier option for the construction industry. One that is sorely needed and one that
can help with the effects of the climate and potentially repair our past environmental
mistakes. Hempcrete is a mixture of lime binder, hemp hurd and water. Hempcrete
can be casted into bricks and sold or can be mixed onsite and used to pour into the
mould of the desired building. Having their own benefits, secondary research
revealed that hemp - from the moment it's planted - starts to create a better
environment and even after 300 years of Hempcrete standing buildings they keep
absorbing the CO2 in the environment.
The hemp industry is growing in size as hemp legislation is changing. There
is demand for socially responsible products. While most companies that are
producing hemp products now are still small and don’t have a strong position in the
market, it holds great potential to make a difference in the construction industry and
at the same time create a green circular economy that works to improve our
environment rather than to destroy it.
Ireland's climate is appropriate for the growth of industrial hemp which represents an
opportunity of becoming a major international supplier. Leading to Ireland having a
larger role to play internationally with its efforts for a greener circular-economy as
Ireland's impact on the western culture is seen as one of the greatest strengths it
holds (as irish holidays and folklore are celebrated around the world). This is a great
advantage while marketing a product of such importance. Therefore the literature
review partly focuses on the feasibility of creating a company that will specialise in all
things hemp, starting with the Construction Industry as it has the biggest effect on
the degradation of our environment.
Hempcore, the business proposal at the end of the literature review, is the logical
next step in creating a circular economy that is focused on fixing the environment.
Using ancient materials mixed with modern technology, Hempcore will aim to gain
competitive advantage to influence the construction industry in a more responsible