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Green Building Insurance Benefits: Sustainable Construction In Europe – Green Building is a growing field with many opportunities for innovation. It can benefit businesses through cost savings, higher return on investment and environmental efficiency.
Green Building uses design and planning strategies to minimize the harmful impact of buildings on the environment. These strategies are not only attractive to real estate investors, but also good for the health and economy of the buildings.
Green Building Insurance Benefits: Sustainable Construction In Europe
Green building standards were created to address some or all of these problems by establishing a rating system for buildings. Certified green buildings with high ratings can increase value and save construction costs.
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There are many variables in the design and construction of green buildings. Many of these variables depend on the specific context of the plot, neighborhood and climate zone.
According to the World Green Building Council, “green building” reduces potential environmental damage and enhances the environmental benefits it generates over its life cycle. This begins with the design of the building and continues through construction, operation and use, renovation and demolition.
1. Building materials: Buildings that use used, recycled, biodegradable or carbon storage materials are used in many green buildings.
2. Reduced emissions: Green buildings use renewable energy sources such as rooftop solar and smart grids, heat pumps for heating and cooling, and solar water heaters.
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3. Temperature control: thermal insulation, cool roofs, sun protection, double glazed windows, window glazing are used in green buildings.
4. Minimize flood and storm risk: build high, plant trees or install windbreaks, rainwater tanks and permeable surfaces to absorb water into the soil.
5. Energy efficiency: natural lighting and ventilation, smart meters, devices with the ENERGY STAR label, LED lights, switch-off sensors, lights or devices often used in green buildings.
6. Water consumption: Low-flow toilets, smart meters and rainwater harvesting are often integrated into green buildings to reduce water consumption.
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8. Cultural and social value: accessibility, local art or design, community event spaces, educational design, modular spaces, reduction of noise and light pollution.
10. Take advantage of renewable energy sources: Many green buildings take advantage of renewable energy sources such as solar panels or wind turbines to provide sustainable energy on site and during construction.
All green building design features help “future-proof” the risks of climate change and resource scarcity. At the same time, green building principles benefit the health and well-being of residents while saving costs.
Here are a few more reasons why committing to a green building is not a bad idea:
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Addressing sustainability challenges at the building level is the first step to creating scalable solutions at the community level. Buildings can serve as important landmarks that represent a new way of life.
For example, Singapore’s “green building” with its high-tech vertical gardens and circular design principles has become a world-renowned symbol of a more sustainable future. 2021 Climate Week New York will be held in the recently renovated Javits Convention Center with a green roof.
In addition to these high-profile examples, it is important to expand access to low-income communities to the benefits of green building. These communities have faced some of the worst consequences of pollution and contributed the least to it. Public-private partnerships can help fund this approach.
The green building sector is driving innovation in the design of circular, reusable, recyclable and biodegradable materials. Examples include wood structures for carbon storage, bricks made from mycelium and recycled textile bricks.
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Concrete is one of the most popular building materials, but the Guardian recently called it “the most destructive material on earth”. From production to disposal, concrete causes 4-8% of global CO2 emissions and consumes a lot of water. That’s why companies are now creating sustainable concrete.
According to WHO estimates, an estimated 3.8 million people die prematurely from air pollution. Since Americans spend 90% of their time indoors, indoor air quality is especially important. The EPA estimates that indoor air pollution can exceed outdoor air pollution by 2 to 5 times.
Sources of indoor air pollution include lead paint and pipes, asbestos, chemicals from cleaning products, mold, radon, smoke from combustion and particulate matter. Recent studies also show that indoor gas stoves also contribute significantly to health risks.
Real estate investors are becoming more involved in ESG activities thanks to the growing interest of institutional investors. GRESB is one of the largest providers of ESG data in the real estate sector with global standards and real estate investment assessment data around the world.
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Investors can improve ROI by implementing green building design features. Research shows that 73% of American homeowners will pay more for an environmentally friendly home. Owners of multi-unit buildings also receive higher rents and occupancies in LEED and Energy Star certified buildings.
Building owners also save significant costs by improving the building’s energy efficiency, material efficiency and resources. An energy audit can be a good first step.
As climate risks increase, the real estate sector could be significantly affected in the coming years by insurance measures that adjust rates and affordability in risk areas. Green building strategies can significantly reduce these risks.
The characteristics of green buildings make them more cost-effective, healthier to use and support their communities.
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Energy efficiency is one of the outstanding features of green buildings, because it not only serves the environment, but also significantly reduces the costs for the owners of the buildings. Building insulation, double-glazed windows, window placement, shading and cool roofs can reduce building heating and cooling costs.
While green building certifications (explained below) often look at how design affects energy efficiency, operational performance can also play a big role. In addition to building design, owners should purchase energy-efficient appliances and reduce electricity and energy consumption with smart thermostats.
Achieving the goal of building design with the least amount of material is one of the benefits of green building. Designers consider ways to minimize excess and waste of materials through careful building design as well as source and material selection.
The principle of circular design, which takes into account the overall impacts during the life of a construction project, helps designers to identify key areas of improvement such as the inclusion of recycled, reusable or biodegradable.
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Architectural designs that take into account directive airflow and sunlight help buildings use nature for useful purposes. Why use electric fans when the wind can distribute the air through the building? Why use electric lights during the day when properly designed windows can let in light?
These design considerations are part of an overall thinking that makes green buildings less dependent on technology. Designers weigh the pros and cons of environmental forces to improve their benefits for people in the house.
Green building reduces toxic materials and emissions from buildings. They also prioritize healthy ventilation and access to mood-enhancing natural sunlight.
Buildings can improve indoor air quality with potted plants and air purification ventilation systems, as well as remove sources of air pollution by using non-toxic materials, cleaners and sweepers, and electric furnaces.
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At first glance, green buildings seem more valuable for their own sake, but in reality they depend on cost-effective construction methods to ease the financial burden on building owners.
Savings come from strategies such as reusing materials in renovations to improve costs in the short term and incorporating energy efficiency into the design, which saves on heating costs in the long term.
Many regions also offer financial opportunities to encourage green building strategies for existing developers or building owners. For example, in the UK, grants of £5,000 are given to house owners to replace old, high emission boilers with cleaner heating.
Buildings are part of the community and contribute to the health and well-being of the environment. When buildings emit pollution or deplete resources, they can have a negative impact on the wider community.
Sustainable Construction And Buildings
Water stress is particularly important, as a quarter of the world’s freshwater reservoirs are under stress. Half of this amount is accounted for by China, India and the United States.
Urbanization concentrates the risk of water stress in cities. The world population living in cities has increased from 0.8 billion (29.97%) in 1950 to 4.4 billion (56.2%) in 2020. Building owners and managers can solve this problem by educating building occupants and improving water efficiency. building.
Climate change is another risk that has a direct impact on buildings. The increasing frequency and intensity of storms and floods could make insurance less available or affordable in the future.
Buildings are also part of the solution as it is estimated that two thirds of all greenhouse gas emissions (GHG) are generated in cities. Buildings are responsible for 40% of these emissions. Shifting reliance on gas heating with energy-efficient heat pumps can dramatically improve a building’s emissions.
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Green building certification is available from independent assessors. These certificates create standards for the evaluation and standardization of performance for different types of buildings.
The United States Green Building Council (USGBC) LEED Green Building Rating System was established in 2000 and has more than 100,000 registered projects. Many city and state policies also require LEED certification.
The current version of LEED v4 uses 11 categories to evaluate buildings: integrative thinking, energy, water, waste, materials, location and transportation, sustainable places, wellness experiences and people, regional impact, innovation, and use of standards (local, regional, and global).
LEED also evaluates many types of buildings
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