Green houses are high-performance buildings designed, built, operated and decommissioned in a resource efficient manner that minimize the overall impact on the environment, ecology, natural resources and health. Green houses are built using green steel and green cement, as well as technological innovations to reduce energy usage and carbon footprints.
It is estimated that green steel production leads to savings of 36 tons of CO2 emissions per ton of steel, while the manufacturing of green cement (slag cement) leads to savings of around 20 tons of CO2 per ton of cement.
The construction of sustainable and green housing will be a necessary measure to lessen direct and indirect carbon emissions from the industry by 4 and 7 percent, respectively, on an annual basis between now and 2030.
Other than the environmental benefits of green housing, cost advantages are rapidly becoming apparent to builders, who pass on cost savings to consumers in a positive cycle of affordability that reduces electricity bills and water consumption while offering higher asset appreciation. Green housing controls water conservation measures by rainwater harvesting, as well as using sustainable materials like low carbon and ethical raw materials and renewable power to lower dependency on fossil fuels.
The potential to build additional revenue streams for project developers through carbon credits, which are tradable certificates earned through the removal of greenhouse gases and carbon emissions from their operations, improves the consistency of returns on investment. Green houses are particularly eligible for carbon credits based on solar or renewable power installations, waste management and the aforementioned water conservation.
Construction is the most carbon intensive sector of our economy accounting for 40 per cent of global carbon emissions. In fact, global building space is expected to double before 2050 making it an impossible task for the world to become carbon zero in the time frame set by the United Nations.