Abstract:We investigate the notion of capitalizing on investments in energy, water and gas efficiency within the context of affordable rental housing subsidy schemes; how associated utility savings offer a means to deliver policy designed to mitigate for issues of split-incentives. An Australian case study representing a typical affordable housing development is analyzed for two scenarios -a 'Business as usual' and 'Green-certified' case. Over a 10-year rental tenancy, operational utility efficiencies, achieved through… Show more
“…As part of corporate ESG reporting criteria, GBs offer synergies with carbon-reporting requirements, which can be more directly associated with efforts to mitigate environmental impacts and climate change. Investors are better able to enact targeted climate change mitigation efforts because GBs are invested in a wide range of environmentally beneficial assets, ranging from solar power generation to 'green' affordable housing (MacAskill et al, 2019). Studies note that voluntary nonfinancial disclosure of proceeds is an important factor in governing market prices for GBs; the pricing benefits often exceed the cost (Baker et al, 2018;Hyun et al, 2019).…”
“…As part of corporate ESG reporting criteria, GBs offer synergies with carbon-reporting requirements, which can be more directly associated with efforts to mitigate environmental impacts and climate change. Investors are better able to enact targeted climate change mitigation efforts because GBs are invested in a wide range of environmentally beneficial assets, ranging from solar power generation to 'green' affordable housing (MacAskill et al, 2019). Studies note that voluntary nonfinancial disclosure of proceeds is an important factor in governing market prices for GBs; the pricing benefits often exceed the cost (Baker et al, 2018;Hyun et al, 2019).…”
“…Grants and subsidies help make green building projects more financially feasible for developers, especially in cases where the upfront costs of sustainable features are higher than conventional alternatives (Ibeh, et. al., 2024, MacAskill, et. al., 2021.…”
Green buildings play a crucial role in sustainable development by reducing energy consumption, minimizing environmental impact, and enhancing occupant health and well-being. This review explores the role of policy and regulation in promoting green buildings, highlighting the importance of government intervention in driving sustainable building practices. Government policies and regulations play a pivotal role in shaping the adoption of green building practices. Through a combination of mandates, incentives, and standards, governments can encourage the construction and renovation of buildings that prioritize energy efficiency, water conservation, and environmental sustainability. Mandatory building codes and standards are among the most effective tools governments use to promote green buildings. These codes set minimum requirements for energy performance, water efficiency, and indoor environmental quality, ensuring that new constructions and major renovations meet established sustainability criteria. In addition to mandatory standards, governments also use financial incentives to encourage green building practices. These incentives may include tax credits, grants, or subsidies for building owners and developers who incorporate sustainable design features or achieve green building certifications. Furthermore, governments can influence the market through procurement policies that prioritize green buildings for public projects. By leading by example, governments can create a ripple effect in the private sector, encouraging more developers and building owners to embrace sustainable building practices. Overall, the role of policy and regulation in promoting green buildings is essential for advancing sustainable development goals. By setting clear standards, providing incentives, and leading by example, governments can create an environment where green buildings are the norm rather than the exception, leading to a more sustainable built environment for future generations.
“…The lifetime of an environmentally friendly and energy and resource efficient building, from conception to design, construction, operation, maintenance, restoration, and demolition. [1,3,10,15,17] High Value homes Lowered bills, lowered default rate and higher resale value [3,11,18] Source: Author's compilation from the Literature Survey.…”
Section: Availability Of Mortgage and Interest Rate Rental Housing Av...mentioning
Housing is a basic human need and its affordability has become a concern with the exponential population growth, especially in densely populated developing countries. Rapid urbanization, inadequate housing and increasing slums have also brought environmental challenges to urban areas of developing countries. To address such concerns, Green Affordable Housing (GAH) has emerged as a concept with the convergence of ideas and actions of affordable housing and sustainability. This research aims to identify the GAH adoption strategies and the financial options through case study analysis of three South Asian Economies (India, Pakistan, and Bangladesh) and validated the case study outcome by using content analysis approach. The findings reveal that India has made notable progress in establishing a GAH financial market, while Pakistan and Bangladesh are struggling due to a lack of appropriate funds and underrated financial markets. This study further proposed the financing framework to achieve GAH for South Asian economies because the low-income Credit Link Subsidy Scheme alone supporting the adoption of GAH would not be enough. The study provides policy recommendations for using Credit Link subsidies, energy-efficient mortgages, and Public-Private Partnerships for housing investment as effective methods for financingGAH.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.