IEREK Press (E-Journals)
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Sustainability and Energy Performance in the Real Estate Market.
No full textOne of the main economic benefits associated with the sustainable character of buildings is certainly the reduced use and energy consumption. The savings can be very significant, especially when considering that a non-residential building, from an energy-efficient point of view, can achieve a power savings of 30% (Kats, 2003). This, combined with the rising energy prices and growing awareness of environmental issues, has gradually shifted the demand towards buildings with good sustainable features; as a result, the concept of ”sustainability” has become a real ”driver” for designers ” (Turner & Frankel, 2008). However, it is appropriate and interesting to understand whether and to what extent a general trend, widely shared, is recognized by the market in terms of value. To simplify, it is appropriate to distinguish between the evidence of statistical data and considerations that have significant but only qualitative characteristics, then highlight statistics that demonstrate the relationship between the building performance in terms of sustainability and the corresponding market value and, at the same time, raise the motivation and guidance of end users and investors to see if the market can push towards sustainability because of its issues, such as economic benefit and convenience, and not only opportunities and responsibilities
Challenges to the Multi-Functional Uses and Multifarious Benefits of Urban Green Spaces: Basis of Urban Biodiversity Planning and Management in the City of Manila, Philippines
No full textUrbanization is a global phenomenon which is projected by the United Nations to grow annually at 65 million between 2000 and 2030 in developing countries. As an archipelagic nation, the Philippines is considered to be a highly urbanized nation where over three-fourths of its population is estimated to reside in urban areas, posting a proportion of one person residing in rural areas for every three in urban areas. The National Capital Region (NCR), the core region of the country, registers a 100% urbanization level, and it is where the most densely populated areas converge. It generally exhibits an urban population growth rate that exceeds the national growth rate. Manila, the capital city of the Philippines, is the second largest and the world’s most densely populated city given its small land area and huge human population. The concentration of people in this city and the urbanization processes are foreseen to create environmental stress leading to potential biodiversity losses coupled with other urban environmental occurrences such as flooding, air pollution, sea level rise, earthquakes, subsidence, traffic congestion, water pollution, among others. These natural and man-made hazards pose a challenge to the multi- functional uses and various benefits of urban green spaces (UGS). UGS play a significant role in enhancing the quality and resiliency of the environment as well as in improving the health and general well-being of city dwellers. It is in this context that the challenges and opportunities of UGS are examined. This paper attempts to identify and determine the factors that influence UGS as a basis for urban biodiversity planning and management