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Construction Business Review | Tuesday, October 24, 2023
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Governments in the APAC region play a critical role in promoting sustainable construction through a variety of policies and initiatives.
FREMONT, CA: The Asia-Pacific (APAC) region is witnessing unprecedented growth in urbanization and infrastructure development. As the population continues to soar and cities expand, there is an urgent need for sustainable construction practices to ensure that the region's growth is environmentally responsible and socially equitable. Government policies play a pivotal role in shaping the construction industry's approach towards sustainability in APAC.
Government Policies as Catalysts for Change
Green Building Standards and Certifications: Governments across APAC have adopted green building standards and certifications, such as LEED (Leadership in Energy and Environmental Design) and BREEAM (Building Research Establishment Environmental Assessment Method), to incentivize sustainable building practices. These standards encourage energy efficiency, water conservation, and the use of environmentally friendly materials.
Building Codes and Regulations: Governments have revised building codes and regulations to mandate sustainable construction practices. These codes often require buildings to meet certain energy efficiency standards, use renewable energy sources, and incorporate green technologies.
Financial Incentives and Subsidies: Governments provide financial incentives and subsidies to encourage developers and builders to adopt sustainable construction practices. These incentives can take the form of tax breaks, grants, or low-interest loans for sustainable projects.
Public Procurement Policies: Government agencies are increasingly adopting sustainable procurement policies, which require that public projects follow green building standards.