Economic Feasibility of Sustainable Architecture

Abstract

This study aims to highlight the economic feasibility of sustainable architecture. Sustainable architecture refers to a method of designing which reduces the harm on the environment. The construction sector is responsible for over a third of CO2 emissions, consequently, essential to embrace sustainability in this sector to fight against climate change. By using secondary data sources in relation to the Life-Cycle Costing (LCC), Return On Investment (ROI), and occupant productivity and health sustainable buildings will be compared to conventional buildings. The research on the said topic led to the deliberation that over the lifecycle of a sustainable building the cost borne will be lesser than traditional buildings due to lower operational costs, higher property and rental rates, and better occupant productivity and health. The research suggested that the ROI of sustainable constructions will be 14% more than conventional ones. The research also highlights the need for government policies to foster a culture of sustainability. This is not limited to the use of legislation, financial and structural incentives, and training programs.