Public Regulatory Trends in Sustainable Real Estate
In this chapter, we discuss the three main instruments which planning authorities can use to influence the uptake of sustainable development practices: forward planning, development controls and development incentives. The potential of mandatory disclosure and integrated reporting to mainstream sustainability as a decision criterion is explored, with international examples offering guidance on how the public sector can guide industry in the adoption and implementation of sustainable practices. Finally, this chapter assesses the role of public-sector sustainable procurement practices in stimulating the green economy. It proposes three recommendations to improve the efficacy of public policy to increase the uptake of sustainable development practice across both public and private sectors. A common thread in these recommendations is the need for a collaborative approach creating stakeholder buy in and a need to resource the application of the UN Sustainable Development Goals at all levels of planning policy.
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