GREEN BUILDING LIFE CYCLE COST ASSESSMENT INDICATORS
How environmentally conscious and financially sound is your green building?
According to studies, in order to achieve the 1.5°C greenhouse gas (GHG) emissions reduction target and compatible pathway, every building that is not carbon neutral in the current building stock will need to be retrofitted at some point on or before the year 2050 at a rate of between 3% and 5% of the existing global building stock.
In a property market like ours (where only 6% to 7% of the entire office property stocks is green certified in 2022), all aspects of green buildings Life Cycle Cost must be carefully examined in order to quantify the actual cost and benefits of sustainable practices in real estate and adaptation to the impacts of climate change.
The stakeholders (regulators, policy makers, rating agencies, investors, developers, professionals, finance providers, and green building organizations, etc.) need to do more to raise awareness and focus on expanding their strategic focus and support in giving the market unrestricted access to reliable data in order to make the real estate sector in Nigeria more environmentally responsible as expected.
Based on the following Life Cycle Cost Assessment Indicators, how enviro-investment friendly is your green building?
1. Investment Expenditures.
2 Sources and Cost Comparison between certified and non-certified office buildings.
3. Acquisition and Implementation Costs for various levels of certifications - LEED and EDGE.
4. Design Services Value.
5. Total Leasing Costs.
6. Premiums - Sales and Rental.
7. Payback Period.
8. Cashflow and Appreciation Factor.
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