Once considered a niche enterprise, and the preserve of those more concerned with warm and fuzzy social dogoodedness than cold, hard profit, sustainable investments are now headed toward the mainstream.
Despite being delivered in a pressurized, Brexitian climate, in his Autumn Budget, the Chancellor Philip Hammond managed to deliver some notable good news to the masses and, particularly, the property sector. Here’s what the Autumn Budget means for property and sustainability:
It’s a valiant double victory for team Verto as Verto Homes snags two top awards at the prestigious UK Property Awards 2017 last Friday night in Central London: Best Residential Development Cornwall for Island Reach and Best Developer Website for the Verto Homes website.
First famous for its infuriating flat-pack model, Swedish furniture giant Ikea may eclipse this reputation with a new, and altogether nobler identity. Ikea has this month made international headlines with the news that it now owns more wind turbines than it does stores, a move that takes the group significantly closer to its goal of being entirely energy independent by 2020.
It’s not all doom and gloom: despite recent news suggesting the world’s superpowers aren’t prioritising combatting climate change, China is in the process of building the first ‘forest city’ to fight air pollution. It will host 40,000 trees and 30,000 people, absorbing almost 10,000 tons of CO2 annually. It’s just one of the many sustainable developments China is currently pursuing – stay up to date with our Instagram for more.
A tale with an ironic twist: an expedition, part of a four-year research project into the effects of climate change, had to be abandoned after climate change made the conditions treacherous. Warmer temperatures created perilous ice conditions off Newfoundland, trapping fishing boats and tankers – usually, ‘it’s not something you would expect to see there’.
A step in the wrong direction: as of yesterday, President Trump has pulled out of the Paris Climate Agreement, a deal that was intended to limit the global rise in temperature attributed to emissions. NASA indicates that “the current warming trend is of particular significance because most of it is extremely likely […] to be the result of human activity since the mid-20th century and proceeding at a rate that is unprecedented over decades to millennia.” The US currently contributes about 15% of global emissions of carbon, a considerably large portion.