Given that the Pandemic of Covid-19 appeared, all companies are progressing graphics deviated from its normal course and decreased significantly. Any business maybe shops, restaurants or corporate businesses are faced with a serious drop during the maximum pandemic period. While some of the companies totally disappear from the view, some of them, most real estate affairs are quickly emerged with even better outings than pre-pandemic times and a fast food rate.
The real estate company may seem like before the pandemic, but it has changed dramatically in the last two years due to climate change and events leading to the fight against climate change. As the pandemic was in progress, the world noted how our environment has improved during the blocking period, mainly because of the decrease in the carbon footprint around the world. As a result, during post-pandemic recovery, policy makers and governments are more cautious for the effects of environmental recovery and climate activists are eagerly awaiting green recovery initiatives. As a result, real estate is one of the sectors that also falls under the radar of green recovery.
Recently, the world has faced many natural disasters such as forest fires, floods and storms in various corners of the globe. All these disasters have had enormous human and financial costs. The psychological consequences even reach from afar, because it has terrified the vulnerable population around the world. In line with the United Nations climate change reports, it is important to seriously seek effective adaptation and mitigation solutions to address the effects of climate change.
In terms of climate change and real estate sector, the main question is whether climate change affects the real estate sector or real estate activity have an impact on climate change? The answer is that climate change and real estate are strongly linked and real estate companies and developments contribute to changing climatic conditions. In fact, this company has aggravated the impact on the environment because buildings are a great source of carbon emissions.
To overcome this challenge, the real estate sector is now looking for experts that can help design ecological construction strategies to move this sector to low carbon emissions. However, one of the main concerns is that, although experts belong to the policies and frameworks of ecological construction solutions, but there is a lack of implementation on a larger scale. It is mainly due to the lack of implementing authorities to integrate social and environmental corporate governance values (GS) into the real estate sector. In addition, the growing cost of incorporating these green values cause builders and associations to neglect its implementation and thus leading to a significant contribution to global warming.
What do we need in the real estate sector for a green pandemic green recovery?
The real estate sector requires a constructive regulatory department that ensures climate rural and urban development.
Approvals to housing authorities should be based on respect for environmental and social guarantees (ESS).
Cards must ensure a percentage of green spaces such as parks and land.
In addition, construction should include ecological building measures, whether commercial towers or homes.
Regulators should encourage developers and real estate developers to encourage investors and clients to adopt a social environment and safeguards (ESS) when building houses and commercial projects.
Nevertheless, real estate development needs a major change towards the use of smart technologies to ensure greener housing companies. Here, the concept of smart cities is also emerging and it is widely discussed and marketed around the world. However, they still require regulatory authorities to ensure that the housing project is developing around the concept of smart cities and that such standards are followed.