IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/19609_7.html
   My bibliography  Save this book chapter

Circular economy in the real estate sector

In: A Research Agenda for Real Estate

Author

Listed:
  • Ashish Gupta
  • Piyush Tiwari

Abstract

The exploitation of nature for the economic growth and resource consumptions by a growing population and the emerging middle class has resulted in the fast depletion of natural resources, global warming, piles of waste in landfills and at the bottom of our oceans. Buildings and construction consume 35% of the global energy and contribute 38% of the CO2 emission. The linear model of development of take-use-sale-dispose has led us to the present situation. According to a study by Accenture, the transition from a linear to a circular economy (CE) presents a $4.5 trillion opportunity by 2030 to convert waste into wealth. In another estimate IFC, estimated by 2030, investment opportunity of $24.7 trillion in green buildings. This chapter examines the circular business models and the significance of CE for the real estate and construction sector. It further evaluates the sources of waste, opportunities and challenges across the life cycle of a real estate project in the new world of CE.

Suggested Citation

  • Ashish Gupta & Piyush Tiwari, 2022. "Circular economy in the real estate sector," Chapters, in: A Research Agenda for Real Estate, chapter 7, pages 121-137, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:19609_7
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/edcoll/9781839103926/9781839103926.00015.xml
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:19609_7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.