Cashing In On Green
Thailand and in larger term Asia's astronomical growth spurt is set to strain both environmental impact and energy consumption in the region.
Questions loom in the property sector over how to measure the impact on property and real estate in valuation terms.
While the LEED based accreditation is continuing to garner much publicity, it has yet to take a foothold in practical board market terms.
For institutional investors and developers there continues to be a largely gray area of thinking over what value a sustainable project adds to their bottom line.
While much of the rest of the world has seen innovative financial opportunities through government incentives and programs such as carbon credits, Asia still continues to be up in the air over the benefits of cashing in by turning green.