AGENDA FOR SUSTAINABILITY IN NIGERIAN REAL ESTATE SECTOR

The global real estate industry contributes significantly to the gross domestic product (GDP) of many developing and developed nations. However, residential, commercial and industrial buildings are responsible for 20 per cent of carbon dioxide (CO2) emissions. These buildings are sources of CO2 and other greenhouse gases (GHGs) emissions, due to the huge amount of natural resources they consume and waste they generate. Real estate consumes over 40 per cent of global energy annually; 30 per cent of raw materials and 12 per cent of drinking water. The industry accounts for 25-40 per cent of solid waste.

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