Egypt's FRA subsidiaries provide EGP 69.5b in Jan '24    US business activity drops in April    Swiss freeze on Russian assets dwindles to $6.36b in '23    World Bank pauses $150m funding for Tanzanian tourism project    China's '40 coal cutback falls short, threatens climate    European stocks reach week-high levels    China obtains banned Nvidia AI chips through resellers    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Russia to focus on multipolar world, business dialogues with key partners at SPIEF 2024    African Hidden Champions to host soirée celebrating rising business stars    Ministers of Health, Education launch 'Partnership for Healthy Cities' initiative in schools    Egypt explores new Chinese investment opportunities for New Alamein's planned free zone    Amstone Egypt unveils groundbreaking "Hydra B5" Patrol Boat, bolstering domestic defence production    Egyptian President and Spanish PM discuss Middle East tensions, bilateral relations in phone call    Climate change risks 70% of global workforce – ILO    Health Ministry, EADP establish cooperation protocol for African initiatives    Health Ministry collaborates with ECS to boost medical tourism, global outreach    Prime Minister Madbouly reviews cooperation with South Sudan    Ramses II statue head returns to Egypt after repatriation from Switzerland    EU, G7 leaders urge de-escalation amid heightened Middle East tensions    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    EU pledges €3.5b for oceans, environment    Egypt forms supreme committee to revive historic Ahl Al-Bayt Trail    Debt swaps could unlock $100b for climate action    Acts of goodness: Transforming companies, people, communities    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egypt starts construction of groundwater drinking water stations in South Sudan    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Green Buildings' Bottom Line
Published in Daily News Egypt on 29 - 11 - 2009

HONG KONG: Killer typhoons in Taiwan and China. A failed monsoon in India. The United Nations Secretary General in the Arctic pleading for action on climate change, while politicians bicker over who will bear the costs.
But, instead of letting that debate rage while the planet heats up, policymakers should embrace one of the cheapest ways of cutting the air pollution that lies at the root of the problem: making buildings more efficient.
Surprisingly, buildings account for about one-third of global energy use. Transportation, mostly cars, accounts for roughly another one-third. Factories and mines make up the rest. A lot of attention has gone into making cars and factories more efficient since the first global energy shocks of the 1970s. Yet most buildings are bigger energy hogs than a fleet of SUVs. Given advances in technology in everything from window glass to air conditioners, change can come for no net cost.
The World Business Council for Sustainable Development, which produced a landmark study on the topic, contends that buildings should put back into the system at least as much energy as they take out. The consultancy McKinsey & Company notes that a number of key energy efficiency technologies for buildings offer payback periods of less than a year and could have a dramatic impact on greenhouse-gas emissions.
But governments must act. Building codes already guard against dangers like fire and earthquakes. Far-sighted governments in places as different as Germany and Singapore are now mandating green buildings. Policymakers there know that governments have a role in mandating regulations to create a level playing field and helping build industry capacity. California's latest building and appliance standards are expected to avoid the need for five large power plants in the next 10 years.
Buildings last for decades, so decisions made today have a long-term impact on our energy consumption. Efficient buildings enable countries to produce and consume less energy, which supports economic development, because money is freed up for other projects, while promoting energy security and environmental sustainability.
All of this can be done without hurting economic growth. The average US refrigerator uses only one-quarter of the electricity of its counterpart of 30 years ago, despite being larger and offering more features.
Greener buildings are particularly important for Asia, home to the world's most rapid economic growth - now and probably for decades to come. Asia's share of global energy consumption has doubled in the past 30 years, and its buildings' share of energy use is growing at similar rates, with China and India alone constructing more than half of all the world's new floor space. Without well-designed policy measures, improvements in the energy efficiency of buildings and appliances will continue at a relatively slow pace in Asia.
If Asia pursues a business-as-usual policy, it will burn money on energy that could be put to other uses. Energy-hungry China builds the equivalent of two to four 500-megawatt power plants every week. Each year, it adds more new energy generation capacity than the installed base of the United Kingdom. No one can ask China to slow its development. But if China can improve its energy efficiency, it will save money and strengthen its energy security. Indeed, Chinese government sources estimate that an efficient building is five to six times cheaper than an inefficient building to heat, cool, and light.
Before change can come, some old myths need to be demolished.
Myth 1: Green buildings cost a lot more to build. Initially, there may be higher costs, usually 3 percent to 10 percent, though this figure tends to fall quickly, as everyone from architects to construction workers becomes more familiar with new ways. Moreover, suppliers re-tool to manufacture more energy-efficient products, causing prices to fall. But even higher upfront costs are quickly paid for with cheaper utility bills.
Myth 2: Energy-efficient buildings are uncomfortable. The idea that energy-efficiency means sitting in the dark, shivering in the winter and sweating in the summer is nonsense. Repeated studies have shown that well-designed buildings are more comfortable. Green offices have lower employee turnover and fewer sick days. Green buildings increasingly show higher capital values.
Myth 3: If energy efficiency worked, everyone would have done it already. This is like the joke about the two economists who ignore a $100 bill they see lying on the street, figuring that if the money were real someone would have picked it up. Building developers often don't want the extra cost or extra hassle of breaking old habits. And why should they? After all, they either sell the property or pass on the higher utility costs to tenants.
Nothing stands in the way of change except the unwillingness to change old patterns. Governments need to set standards that become progressively tighter over time. Everyone in the building and construction industry needs to be more creative. Tenants need to take the same care with buildings that they do with cars. The net result of a series of small changes would be a dramatic reduction in energy consumption.
Mark L. Clifford is Executive Director of the Asia Business Council and co-author of Building Energy Efficiency: Why Green Buildings Are Key to Asia's Future. This commentary is published by Daily News Egypt in collaboration with Project Syndicate, (www.project-syndicate.org).


Clic here to read the story from its source.