What does green development embody: trends & opportunities

 

The concept of Green Development has gained rapid recognition, leading to the emergence of various valuable trends to support it

 
By Salma Aboul-ela, May 12, 2023 UAE Real Estate
 

What does green development embody: trends & opportunities
 

Often, it is witnessed that the terms sustainable development and green development are used interchangeably. While, “sustainable and green are two terms related to environmental awareness and preserving natural resources” yet, there is a fundamental difference between both terms. Sustainable development has an all-round approach to “society, environment, culture and economy, whereas green development strictly focuses on the environment.” Hasa, 2021, ‘What is the Difference Between Sustainable Development and Green Development’. What is unique about green development is that it is built around establishing patterns of development and technology that would meet the needs and requirements of people while preserving the environment; so “that these needs can not only be met in the present, but in the indefinite future”.  

The concept of Green Development has gained rapid recognition, leading to the emergence of various valuable trends to support it, such as: Transition to renewable energy and adoption of new technologies that maximises its scalability; shifting towards circular economy practices such as reducing waste and promoting recycling, this includes a government’s role in promoting incentive schemes through policies and developing appropriate support. Other trends include, sustainable transportation such as electric vehicles & biking infrastructure mostly seen in the Netherlands and green building regulations that include rating systems such as, LEED, Estidama and energy-efficient designs that ensure sustainable performance through asset-management and operations.

Green development opens the door to many opportunities. Environmental protection is one key aspect of green development, as it promotes practices that reduce negative environmental impacts and protect natural resources. By adopting sustainable practices, we can help to mitigate the impacts of climate change, reduce pollution, and protect ecosystems and biodiversity. Additionally, green development can provide economic benefits through job creation, energy savings, and increased efficiency. For example, investing in renewable energy can create jobs and reduce energy costs over the long term. Furthermore, green development has social benefits, improving the quality of life for people in communities by providing access to clean water, healthy food, and green spaces. It also contributes to public health by reducing pollution and improving air and water quality. Lastly, green development focuses on future-proofing, ensuring that we are creating a sustainable and resilient future. By reducing our dependence on fossil fuels and transitioning to renewable energy, we can create a more secure and stable energy system for the future.

It is important, above all, to be able to measure progress in the transition to a green development. There are a few key indicators to achieve that such as: “The extent of the challenges, for example, levels of CO2 emissions and the number of people lacking access to energy; the extent of the opportunities, such as the size of the market for more resource efficient and low-carbon technologies; policies established, such as renewable energy targets; and, policy outcomes, such as the rate of recycling achieved, as well as the material and energy intensity of production and consumption.”

Overall, green development is important for creating a sustainable future for ourselves and future generations. By prioritising environmental protection, economic benefits and social well-being, we can ensure that development is equitable, inclusive and sustainable.

 

This article is penned by Salma Aboul-ela, Managing Director at LITE.

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References:

  1. (2023, May 12). 1. https://pediaa.com/what-is-the-difference-between-sustainable-development-and-green-development/

 

  1. IEA (International Energy Agency). (2020). World Energy Outlook 2020. Retrieved from https://www.iea.org/reports/world-energy-outlook-2020

 

  1. Ellen MacArthur Foundation. (2019). Completing the Picture: How the Circular Economy Tackles Climate Change. Retrieved from https://www.ellenmacarthurfoundation.org/publications/completing-the-picture
    - European Commission. (2020). Circular Economy Action Plan for a Cleaner and More Competitive Europe. Retrieved from https://ec.europa.eu/environment/circular-economy/

 

  1. International Energy Agency. (2020). Global EV Outlook 2020. Retrieved from https://www.iea.org/reports/global-ev-outlook-2020

 

  1. United Nations Environment Programme. (2019). Towards a Zero-Emission, Efficient, and Resilient Buildings and Construction Sector. Retrieved from https://www.unenvironment.org/resources/report/towards-zero-emission-efficient-and-resilient-buildings-and-construction-sector

 

  1. S. Green Building Council. (2020). LEED v4.1 Building Design and Construction. Retrieved from https://www.usgbc.org/guide/v4.1
    - World Green Building Council. (2018). Bringing Embodied Carbon Upfront. Retrieved from https://www.worldgbc.org/news-media/bringing-embodied-carbon-upfront

 

  1. World Energy Outlook 2020 – Analysis and key findings. A report by the International Energy Agency.
Environmental protection  Green Development  LEED  Estidama  future-proofing  sustainable future   

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