Tag Archives: Sustainable Development

Initial steps towards creating smart cities

AS world leaders prepare for the United Nations’ Climate Change Conference in Copenhagen next month, it’s an appropriate time to assess what cities around the world are doing to reduce their carbon emissions.

Cities everywhere are preparing for a more sustainable future by optimising their infrastructure, their man-made and natural systems to minimise environmental impact and improve the quality of life. Lessons learnt in one locale may be of help to a different municipality in another part of the world. The first steps towards creating smart cities are being taken today.

# Singapore, Brisbane and Stockholm are all working to reduce both traffic congestion and air pollution through intelligent transport solutions, including predictive tools routing vehicles to avoid areas of traffic congestion.

# Rotterdam will adopt a monitoring and forecasting system for the management of water and energy to create the first ‘Smart Delta City’: A city that uses real-time information to manage infrastructure and operations related to the effects of climate change in a complex natural water system.

# In New York, almost 80 per cent of carbon dioxide emissions come from heating, cooling and providing electricity to buildings, which is more than double the US average. New York wants to reduce greenhouse gas emissions from city-owned buildings by 30 per cent within the next eight years and by 30 per cent from all buildings by 2030.

# China is spending the equivalent of billions of dollars to introduce high-speed trains and add over 40,000km of track to its rail network between now and 2020. Its goal is to create a transportation system to move people and goods and fuel economic development without increasing car or truck traffic. China expects to have more high-speed passenger rail than the rest of the world combined in the next five years.

Sustainable city development projects are cropping up across Asia, particularly in countries such as Singapore, Malaysia, China and India. These address areas ranging from energy consumption and renewable energy production to environmentally friendly buildings, sustainable transportation systems, waste recycling and water management.

Sustainable Cities 2009 is a premier event within the Singapore Energy Week taking place this month. International authorities, developers, architects and urban planners will gather to discuss key issues and trends, regional legislation and policies, investment opportunities, green technological discoveries and solutions associated with developing the sustainable cities of the future.

Sustainable Cities will showcase several existing and future projects, such as the Mata de Sesimbra in Portugal, the City of Edmonton in Canada, the Tianjin Eco-City and the Dongtan Eco-City in China, the BedZED in London, the Waitakere Ecocity in New Zealand, the Masdar City in Abu Dhabi, and more.

Source : Business Times – 11 Nov 2009

Interest grows for sustainable buildings: study

Real estate execs ready to pay a premium to retrofit their owned assets

CORPORATE real estate executives, whose companies drive demand for office space, are increasingly willing to invest in refurbishing their owned assets to meet sustainability goals, according to a new survey.

The 2009 CoreNet Global and Jones Lang LaSalle sustainability survey found 74 per cent of real estate executives would pay a premium (generally one per cent to 5 per cent) to retrofit owned space for sustainability criteria, up from 53 per cent in 2008.

However, only 37 per cent would consider paying a premium rent (between one per cent and 10 per cent), while another 21 per cent indicated they would only be willing to pay a premium rent if it was offset by lower operating costs.

Some 67 per cent of respondents also said obtaining funds to implement sustainability strategies is a difficult or extremely difficult challenge.

The executives surveyed are responsible for real estate portfolios totalling billions of square feet worldwide.

‘These results clearly show that sustainability as an issue is here to stay, but companies are increasingly aware of the commercial realities,’ said Chris Wallbank, Jones Lang LaSalle’s head of energy and sustainability services for the Asia-Pacific region. ‘It is no longer enough to simply be ‘green’. Organisations want to see the benefits to the bottom line.’

The focus on cost reduction is seen in the 60 per cent of real estate executives that are adopting workplace strategies to meet sustainability goals while reducing overall occupancy costs – up from 54 per cent in 2008. The executives are continuing to focus on strategies that are easy to implement and provide short-term cost savings, such as energy efficiency programmes and waste recycling.

But making targeted investments in sustainability can be challenging. More than 50 per cent of executives said insufficient industry metrics, difficulty in calculating return on investment (ROI) and lack of tools for collecting necessary performance data are difficult or extremely difficult challenges.

‘Companies are looking for help in making targeted sustainability investment decisions and measuring the results in terms of both environmental and financial performance,’ Mr Wallbank said. ‘Clarification of industry metrics globally, tools that collect data and turn it into information, and clear methodologies for calculating project ROI will be critical to overcoming these challenges.’

The global survey of 231 corporate real estate executives was conducted in September and October 2009.

Source : Business Times – 11 Nov 2009