Effect of Sustainability on Development Essay Example | Topics and Well Written Essays - 3250 words

Effect of Sustainability on Development - Essay Example Sustainability is important and especially with a focus on global warming and environmental degradation, property developers and contractors have emphasized on construction and building projects that would be beneficial to the environment. Sustainability highlights these benefits and purchasers, developers and occupiers or builders and even buyers want a sustainable environment so that they could be part of a healthy and beneficial environment. Saving energy and utilizing renewable energy are some of the elements of sustainability as sustainability is about renewal rather than depletion and using natural energy resources in a manner that would environmentally advantageous for the future. A study on environmental energy resources and sustainable developments examined the extent to which energy efficiency is incorporated in refurbishment and capital expenditure of office buildings and also suggested a cost benefit analysis. The three aspects of construction technology, building refurbishment and property management are integrated along with sustainability goals. The levels of capital expenditure vary to ensure that buildings are more energy efficient. The emphasis has been on cost of implementation and with increased energy efficiency there may even be a demand for high rents. Studies have suggested that office building construction phases contribute significantly to global warming although during the entire lifecycle of a building, CO2 omissions are a major problem. Innovative approaches and energy related changes and efficiency considerations are more applicable in case of new buildings as with various building designs and constructions techniques, new environmental considerations for construction have also evolved. All this caters to the idea of sustainability although the number of new buildings constructed each year is small in proportion to the buildings which already exist. However capital expenditure on a building enhances the sustainability factor proving that sustainability and energy considerations comes with a price although have long term environmental benefits. The increased importance given to sustainability and energy efficiency have affected decision making by developers and also have started determining market price and it is essential that we understand the link between the environment and built structure and environments and try to harmonize the two. The moot point remains that purchasers and developers are affected and influenced by sustainability factors and energy efficiency considerations is not just a buzz phrase in the construction business but also suggests acceptability of projects and developers by buyers who tend to appreciate building and construction projects that have sustainability as a basis of property development. The foundations of sustainability