RISING buildings and skyscrapers mark the era of modernisation. However, buildings are responsible for nearly 40 per cent of annual worldwide greenhouse gas emissions. The world cannot reach its ambitious climatic targets if energy use in buildings is not drastically reduced.
While Singapore has a relatively high penetration rate of green buildings at 30 per cent compared to other Asian cities, there is room to catch up with European cities like Paris and London, at 64 per cent and 68 per cent respectively. Europe has been the most competitive region globally for green buildings since the beginning due to its strong political leadership role.