Real Estate like Environment is ubiquitous. Every living human being breathes and consumes a piece of Environment as well Real Estate every moment, every day, every year.
Real Estate like Environment is ubiquitous. Every living human being breathes and consumes a piece of Environment as well Real Estate every moment, every day, every year. While one is a creation of nature the other is a creation of human. This creation of humans however is devouring the creation of nature. The Real Estate sector is the highest consumer of energy amongst all other sectors and is also a growing contributor to CO2 emissions.
Real Estate consumes 40% global energy annually.
Buildings contribute to 20% of greenhouse gas emissions.
The sector uses 2 billion tonnes of raw material i.e., 40% of total of annual global consumption.
Buildings use 12% of global freshwater consumption.
The sector generates 30% of total waste.
The Real Estate sector is expected to grow dramatically by 2030, as 60% of the global population of over 8 billion people will be living in urban environments. The largest cities across the globe representing 75% of the global GDP will have 260 million new homes and 540 million sq. m of new office spaces. Effectively the construction output will reach USD 15.5 trillion in value. The impact of this humungous growth in Real Estate on environment is going to be substantial.
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