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illuminem summarizes for you the essential news of the day. Read the full piece on Times of India or enjoy below
🗞️ Driving the news: The real estate sector is rapidly shifting towards sustainability, driven by surging demand for energy-efficient buildings
• Global governments are either incentivizing or mandating green construction, with standards like LEED and IGBC playing key roles in this transformation
🔭 The context: The shift towards sustainable real estate has become mainstream, led by net zero energy buildings that produce as much energy as they consume, effectively eliminating carbon emissions
• This has resulted in not only reduced carbon footprints but also substantial cost savings
🌎 Why does it matter for the planet: Green real estate is a crucial part of mitigating climate change and fostering energy independence and resilience. Net zero buildings represent a game-changer in sustainability, providing operational cost savings, driving innovation and job creation, and contributing to market transformation
⏭️ What's next: As technology advances and costs decrease, the potential for net zero energy buildings continues to grow
• Policymakers must continue to provide support, financial incentives, and education
• Technological innovations, like renewable energy technologies and smart building technologies, are key factors in shaping the future of green real estate
💬 One quote: "The future of green real estate is bright, and it hinges on the collective efforts of stakeholders across the industry. By embracing sustainability, we can create buildings that not only meet the needs of the present but also safeguard the environment for generations to come." (Shabbir Kanchwala, Chief Sustainability Officer at K Raheja Corp.)
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