Asia: Green Real Estate for the energy transition

According to the Association of Southeast Asian Nations (ASEAN) with the collaboration of the International Energy Agency,  the consumption of energy in buildings in the year 2020 contributed to 23% of the total energy consumption in ASEAN countries and 23% of total energy-related CO2 emissions, which is equal to 0.4 Gigatonnes of CO2 (Gt CO2).

Based on the priorities and actions set out in the ASEAN Plan of Action for Energy Cooperation (APAEC) Phase II, the region is expected to achieve a reduction of more than 30% in energy intensity between 2021 and 2025.

To sustain this transition, buildings will play a key role as they can actively contribute to this objective. This implies the requirement to invest in new, energy-efficient, and low carbon-emitting constructions  

An estimate of the 2019 report from the International Finance Corporation (IFC) quantifies investment opportunities in green buildings in East Asia, the Pacific and South Asia at $ 17.8 trillion, accounting for more than 70% of the global total of $ 24.7 trillion.

 

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