The EU Taxonomy's impact on the built environment and real estate investments
Author
Trang, Erik Quan Peng
Term
4. term
Education
Publication year
2023
Submitted on
2023-06-02
Pages
67
Abstract
This master’s thesis from the Sustainable Cities program at Aalborg University Copenhagen was carried out in collaboration with Akademiker Pension. The EU Taxonomy is prompting change across the financial sector; it sets common criteria for what counts as environmentally sustainable economic activity, including in construction and real estate. The thesis asks: How does the EU Taxonomy influence the socio-technical regime of the built environment—especially renovations—toward more sustainable development, and what does it mean for real estate investments? (Here, socio-technical regime refers to the rules, practices, and actors that shape how buildings are planned, built, and renovated.) To address these questions, the thesis presents four analyses: (1) an overview of the Taxonomy’s new focus areas and requirements; (2) an examination of how these affect the built environment and the challenges and needs they create for more sustainable development; (3) a case study of how the Taxonomy shapes real estate investments; and (4) a discussion of how the Taxonomy may help steer the built environment toward more sustainable practices.
Denne kandidatafhandling fra uddannelsen Sustainable Cities ved Aalborg Universitet i København er udarbejdet i samarbejde med Akademiker Pension. EU-taksonomien er ved at forandre den finansielle sektor; den fastlægger fælles kriterier for, hvad der betragtes som miljømæssigt bæredygtige økonomiske aktiviteter, også i byggeri og ejendom. Afhandlingen undersøger: Hvordan påvirker EU-taksonomien det socio-tekniske regime i det byggede miljø – særligt renoveringer – mod en mere bæredygtig udvikling, og hvad betyder det for ejendomsinvesteringer? (Med socio-teknisk regime menes de regler, praksisser og aktører, der former planlægning, byggeri og renovering.) For at besvare spørgsmålene gennemføres fire analyser: (1) et overblik over taksonomiens nye opmærksomhedspunkter og krav; (2) en undersøgelse af, hvordan disse påvirker det byggede miljø, og hvilke udfordringer og behov de skaber for mere bæredygtig udvikling; (3) et casestudie af, hvordan taksonomien påvirker ejendomsinvesteringer; og (4) en diskussion af, hvordan taksonomien kan være med til at drive det byggede miljø i en mere bæredygtig retning.
[This apstract has been rewritten with the help of AI based on the project's original abstract]
Keywords