Nexus of Climate Change and Sustainable Real Estate

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Author(s): Thabiso Sthembiso Msomi (Durban University of Technology, South Africa)and Odunayo Magret Olarewaju (Durban University of Technology, South Africa)
Copyright: 2021
Pages: 13
Source title: Handbook of Research on Climate Change and the Sustainable Financial Sector
Source Author(s)/Editor(s): Odunayo Magret Olarewaju (Durban University of Technology, South Africa)and Idris Olayiwola Ganiyu (York St John University, United Kingdom)
DOI: 10.4018/978-1-7998-7967-1.ch005

Keywords: Accounting and Finance / Business Science Reference / Environment & Agriculture / Sustainable Development

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Abstract

This chapter investigates the nexus of climate change and real estate sustainability. Climate change is the topical dramatic swing of the planet's normal climate patterns caused by a spike in emissions of carbon dioxide triggered by human activities. Climate change risk is not being effectively estimated into commercial real estate assessments. Due to high demand for coastal properties, a lopsided share of commercial real estate is vulnerable to climate change risks. Thus, it was concluded that real estate is an essential part of an evolving growth phenomenon and also plays a major role in stimulating economic growth. This makes it important for investors and property owners/dealers to be resilient in combating climate change, and adequate information should be available for investors so they will know the risk attached to their investment.

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Nexus of Climate Change and Sustainable Real Estate

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