Has The Economic Crisis Impacted The Levels Of Commitment Towards Sustainability Within The Property Industry?
The recent economic crises within the UK, Europe and the world continues to worsen and along with it growing concerns continue to increase over the fragile state of our environment with rising fears over climate change and global warming. Energy security along with the need to secure energy supply has been prioritised as a short to medium term objective by governmental authorities as climate change protocols appear to be set as a medium to long term priority. This hypothesis aims to assess the effects the recent economic crisis is having upon the property industries commitment to sustainability. It will provide an overview of the concept of sustainability, detailing the current constraints and the means by which it needs to be addressed in the future. This research paper will examine the legislations that have been produced to meet future targets within the property industry highlighting key initiatives for future sustainable development. Furthermore, it will deliberate the concept of green development identifying its key strengths, benefits and the provisions required to be incorporated in green leases and developments within the industry. It is essential that sustainability takes more precedence in the future to help curb global warming and in doing so establish the current global recession and its effects on sustainability with the realisation that the property industry must comply to promoting sustainability in order for greater environmental conditions. It seeks to identify the key roles and relationships faced by practitioners within the property industry and the need for mandatory procedures to adhere to regulation and establish greater levels of sustainable development in new and existing buildings.
To provide an overview of the concept of sustainability and its effects on the property industry
Research the government’s laws and regulations towards promoting green development and betterment towards sustainability
To identify the problems of the economic crisis and its effect upon promoting sustainability
To understand and anticipate practitioner’s commitment towards sustainable development and how the lapse in the commercial market and limited bank lending has affected their decisions
The fundamental issue of sustainability within the built environment is becoming an increasingly topical subject; and yet the term sustainability defies specific definition among many of those working within the property sector, with many unsure as to what it actually means. Sustainability is now reaching the top of many political agendas with growing concerns at the realisation of the rate of climate change and so the progress in encouraging sustainability is becoming an essentiality. The term sustainability in relation to property development can be loosely defined as the location, design and development of property which is economically viable, environmentally responsible and which has a positive, material effect on the quality of life. With the strain caused by the recent financial downturn in the economy this study examines how both this and the need for environmental sustainability will prevail and how those working within the property sector have taken to their commitment to sustainability with the rise of economic turmoil, said to be the worst recession since World War I. This literature review takes a closer look at the different concepts of sustainability, recent government measures to improve sustainability and how the recent economic downturn has impacted upon the sustainability agenda by the new government legislation in attempts to produce a Zero Carbon environment. With the lack of academic papers available it will acquire professional statements, government publications and reports to review any literature upon promoting sustainability, its definition and the global recession’s impact upon practitioners’ commitments to adhering to regulations for future betterment of the built environment.
Chapter 1 – Introduction This chapter introduces the problematic issue surrounding global warming and how the concept of sustainability must be realised in order to reduce carbon emissions and the challenges it brings within the property industry. The current financial climate is addressed and the financial impact it has upon the property industry together with legislative regulations produced by the government to reduce carbon footprint of buildings and promote sustainability. The chapter outlines the aims and objectives of the research study, entailing the outline methodology and the research methodology that will be utilised to perform this study.
Chapter 2 – Review of Literature on sustainability Literature review assists in addressing the concept of sustainability, identifying its principles, the government’s actions to tackle this problematic issue within the built environment and the future strive for green development.
Chapter 3 – Review of literature on the economic crisis’ impact upon sustainability within the property industry Literature review on the current economic crisis and its effects upon both sustainability and the property industry and the relationship held between each of these three elements.
Chapter 4 – Research Methodology This chapter examines the research methodology to be applied to carrying out the research.
Chapter 5 – Research Findings and Analysis The results from the interviews will be used to provide an analysis to go along with the literature review in order to evaluate the hypothesis formulated in section 1.
Chapter 6 – Conclusion This chapter gives a conclusive result of the research conducted, and provides a summary and evaluation, identifying the constraints felt during the process of producing this report and an answer to the hypothesis.
Question: Where Can I Find Construction Management Dissertations?