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Green Finance for Sustainable Global Growth: Costs and Benefits of Green Buildings Compared With Conventional Buildings

Green Finance for Sustainable Global Growth: Costs and Benefits of Green Buildings Compared With Conventional Buildings
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Author(s): Elizabeth Motunrayo Ojo-Fafore (University of Johannesburg, South Africa), Clinton Aigbavboa (University of Johannesburg, South Africa), Wellington Thwala (University of Johannesburg, South Africa) and Pretty Remaru (University of Johannesburg, South Africa)
Copyright: 2019
Pages: 26
Source title: Green Finance for Sustainable Global Growth
Source Author(s)/Editor(s): Sang-Bing Tsai (University of Electronic Science and Technology of China Zhongshan Institute, China & Civil Aviation University of China, China & WUYI University, China), Chung-Hua Shen (Shih-Chien University, Taiwan), Hua Song (Renmin University of China, China) and Baozhuang Niu (South China University of Technology, China)
DOI: 10.4018/978-1-5225-7808-6.ch010

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Abstract

Green buildings have become one of the most famous and fastest growing construction concepts. As the world is becoming environmentally viable, all investors and contractual workers will need to know the figures of green financing and if the dangers of contributing are justified regardless of the arrival sum. This chapter aims to compare green building and conventional building using the cost differences and economy impact to ascertain the benefits of green building over the conventional building of green building. Data was collected through questionnaire survey from 50 construction professionals. The result of this chapter shows that green buildings are more expensive than conventional buildings; however, the benefits accrue from green building makes green building cheaper in the long run.

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