If more than 40% of the world’s energy consumption and one-third of the global raw materials, energy, water consumption, and greenhouse emissions come from real estate, surely, real estate must be the one to seek out the solution.
The misconception is alive that sustainable buildings are extremely costly. While it is true that sustainability comes with higher initial costs, its benefits to the environment and the real estate industry quickly balance out the costs. In a rather utilitarian approach, while climate change is a risk to the environment and companies alike, green architecture benefits all. It is not just that green real estate makes the industry more environmentally responsible– it also enhances its profitability in the long run. Owing to this mutually beneficial relationship, the real estate industry is being transformed.