Embrace the blue skies, the reflection of sustainability concept on the industry of construction and the real estate market

At the beginning there was the nature, the skies, the mountains, the seas, then the people, and with the people needs grow, the world evolves, then comes the industry, and the industry revolution, and for sure, the pollution.

In an era where sustainability is no longer a choice but a necessity, the construction industry is undergoing a paradigm shift. As a chartered RICS construction cost consultant, it is imperative to understand the latest trends and innovations in green building and sustainability. This article delves into the recent developments and insights from various sources, highlighting the importance of green buildings and the role of cost consultants in driving this change.

The Rise of Green Buildings

The International Energy Agency (IEA) emphasizes the critical role buildings play in the global energy system.?Buildings account for nearly 30% of global energy consumption and 28% of energy-related CO2 emissions1.?The push towards more efficient and flexible buildings is key to achieving clean energy transitions1.

Embodied Carbon: A New Focal Point

Business Green highlights the growing focus on embodied carbon in building design2. Embodied carbon refers to the total greenhouse gas emissions generated to produce a building, from material extraction to construction. Reducing embodied carbon is crucial for achieving net-zero targets. As cost consultants, understanding the lifecycle costs and benefits of low-carbon materials is essential for advising clients on sustainable investments.

Sustainability Trends in Commercial Properties

Construction Dive identifies six key sustainability trends in commercial properties3. These include the adoption of renewable energy, energy-efficient systems, and sustainable materials.?The Federal Highway Administration (FHWA) is also promoting the use of low-carbon construction materials in transportation projects4. These trends highlight the importance of integrating sustainability into all aspects of construction, from design to execution.

Incentives for Green Building in Egypt

Egypt is making significant strides in promoting green building practices.?The New Administrative Capital offers incentives for investment projects that incorporate green building standards5.?Additionally, Egypt’s TMG is set to build a $10.6 billion sustainable city in Riyadh6. These initiatives demonstrate the country’s commitment to sustainable development and provide opportunities for cost consultants to guide clients in maximizing these incentives.

The Future of Sustainable Construction

The future of sustainable construction lies in the collaboration between various stakeholders, including governments, developers, and cost consultants. By leveraging the latest technologies and materials, we can create buildings that are not only environmentally friendly but also cost-effective. As chartered RICS construction cost consultants, our role is to provide clients with the insights and expertise needed to navigate this evolving landscape.

The shift towards green buildings and sustainable construction is not just a trend but a necessity for a sustainable future. By staying informed about the latest developments and understanding the financial implications, RICS Chartered cost consultants can play a pivotal role in driving this change. Together, we can build a greener, more sustainable world.

Resources:

1:?IEA - Energy System: Buildings?2:?Business Green - Embodied Carbon?3:?Construction Dive - Sustainability Trends?4:?Construction Dive - Low-Carbon Materials?5:?Daily News Egypt - Green Building Incentives?6: Zawya - Sustainable City in Riyadh