A boom in green buildings is expected to generate more green jobs

The demand for green buildings, all over world, have increased and now people themselves ask for buildings which are environment friendly and saves water and energy. In 2000, just 41 new construction projects were officially rated as green buildings in the US. Last year, that figure had grown to more than 65,000. In the mid to late 1990s, green building was almost like a secret society of about 100 people going to conferences, but from 2000 onward it has exploded.

According to predictions by the International Labor Organization, "Constructing new environmentally-friendly buildings is expected to generate more than 6.5 million jobs by 2030." It is predicted that next to energy, it will be the second fastest growing sector for green jobs in the coming decades. In the UK, around 20 jobs will be created for every $1 million invested in existing infrastructure while in China, it will be around 200, and 160 in Brazil.

Constructing green buildings require sophisticated technology to create sustainability and for this there is going to be a lot of demand for people with the skills to make this happen. Entirely new jobs will likely emerge from the growing demand for green buildings. The International Labor Organization predicts roles such as eco-designers – who design products to be more efficient – and energy efficiency specialists will become increasingly important in places like China and India, where construction has been booming.

There is going to be a huge demand in skills that have been largely specialized until now.

Source: https://www.bbc.com/worklife/article/20180928-the-people-building-a-greener-future

Architecture is greater than the architect

Practice means to perform over and over again, in the face of all obstacles, some act of vision, of faith, of desire. Practice is a means of inviting the perfection desired. Indian tradition offers us the same through the notion of sadhana: a rigorous, immersive, repetitive and ego-transcending practice that leads you to realization of the divine. Every day of an architect's life should be a day of sadhana. Let us place before you nine lessons that will illuminate you:

Lesson No. 1: A graduation ceremony is much more than either a formality or a celebration

Lesson No. 2: Architecture is a discipline

Lesson No. 3: Architectural design is much more than a problem-solving exercise

Lesson No. 4: It is the work that speaks, not the architect

Lesson No. 5: Theory and practice work best when they contradict each other

Lesson No. 6: You are unique

Lesson No. 7: Drawing by hand is important

Lesson No. 8: We learn by doing more than we learn by knowing

Lesson No. 9: Architecture is greater than the architect

Source: premckar.wordpress.com/2017/06/17/nine-lessons-for-a-young-architect/

Bamboo architecture is sustainable and beautiful

Once considered to be the building material of the poorer class, bamboo now has become a popular material choice in architecture and design projects. Bamboo because of its sustainable qualities and hard-wearing characteristics as it has a higher compressive strength than concrete or wood, and rivals the tensility of steel is now being used more often than before.

The popularity Bamboo architecture is growing and has become the choice of architects and artists believing in green and sustainable buildings. Bamboo is a unique building material in that it is strong in both rigidity and density and unlike wood, most species of bamboo that are used in architecture can be harvested after three to 6 years of growth. There are more and more places including residential business buildings that are being built with bamboo as a main material or at least an accenting material of the architecture.

The potential of bamboo is now being utilized in the construction. It's natural properties are making it a valuable asset. It can be compressed and used for such construction needs as heavy lifting and transport. In fact, compressed bamboo has a tensile strength that is stronger than steel.

The versatile quality of bamboo makes it a good material for flooring, roofing, concrete reinforcement, scaffolding (used in Hong Kong for building skyscrapers), piping and for walls. Indoors, bamboo could be an excellent material for beds, sofas, tables and chairs. Textured bamboo panels enhance the walls, ceilings and sides of breakfast bars and cabinets. Sleek bamboo floor panels and floor mats are common these days. Even kitchens have bamboo spoons, spatulas, tumblers, water bottles and cutting boards.

Benefits Of Living Walls

Living walls are also known as green walls or vertical gardens. A living wall is a wall partially or completely covered with greenery that includes a growing medium, such as soil, water or a substrate. An integrated water delivery system is generally found in the most of the living walls. Living walls may help buildings become more energy efficient which leads to a decrease in carbon emissions.

The living wall is a kind of system that supports a diversity of plant species, including a mixture of ground covers, ferns, low shrubs, perennial flowers, and edible plants. These walls perform better in full sun, shade, and interior applications, and can be used in both tropical and temperate locations.

Benefits Of Living Walls

- Improves air quality

- Contribute to Carbon Dioxide/Oxygen Exchange

- Reduces the urban heat

- Reduces ambient noise inside and outside

- Provides a rainwater buffer

- Protects building envelope

- Adds value to the building

- Extends facade life span

- Enhances aesthetics

- Increases the feeling of well-being

Resorts: Evolving rejuvenating environments

Hospitality design is driven by the intent to create spaces that renew, restore and rejuvenates wholeness of mind, body and spirit. Yet others create new experiences by providing socio-cultural and psychological benefits through promotion of group activity, respect, interactions and relationship making.

"We were able to get sensitive and responsive design and feedback from your team as we were developing the resort," comments a happy client of Design Atelier. The firm is one of the experts in resort designing and believes in evolving rejuvenating environments for resorts and recreational spaces.

DA has worked in over 30 cities across India.

Design Atelier
B-4, Pamposh Enclave,
New Delhi - 110048,
Tel.: +91 11 4100 9927-28
Email: info@da-urbis.net

Education: Designing inspiring & environmentally responsive spaces

Design Atelier focuses on concepts that make campuses responsive to continuous re-invention through design upgradation, and rapidly scalable expansions.

To develop excellence in the digital information age, the company helps in making education spaces that provide high quality learning environments, where students are engaged, stimulated and encouraged to be creative thinkers and learners.

"We appreciate the ability of your team to respond to optimizing budgets and spaces constraints to meet our aspirations in providing buildings that addresses current and future pedagogies," comments a satisfied client of Design Atelier.

Design Atelier
B-4, Pamposh Enclave,
New Delhi - 110048,
Tel.: +91 11 4100 9927-28
Email: info@da-urbis.net

Institutions: Designing vibrant and sustainable public spaces

Design Atelier believes in designing vibrant and environmentally sustainable public spaces. The New Delhi based Architecture Firm focus architectural design on concept that successfully integrate function, energy management and climatic response with social life.

"It is rewarding and pleasure to work with the talent and efficient professionals of the DA team. A commendable job done on our Chandigarh school buildings and offices," comments a satisfied client of Design Atelier.

Each new project, for the company, is unique. Creating a signature design that enhances the identity of the place, differentiating it by a careful orchestration of architectural elements to create a lasting memorable image. Architecture evokes the spirit of the place, compliments the locale and conveys a timeless quality.

Design Atelier is winner of Emerson Cup for best buildings in emerging cities.  

Design Atelier

B-4, Pamposh Enclave, 

New Delhi - 110048,

Tel.: +91 11 4100 9927-28

Email: info@da-urbis.net

Masterplanning: Creating public domain of great variety and interest

Design Atelier, a New Delhi based Green Architecture Firm, focuses on concepts that gracefully integrate campus function, technology, landscape and urban pattern with social life and ambiance. Campuses need to be responsive to continuous re-invention through design up-gradation, and rapidly scalable expansions.

Developing a masterplan is like setting a vision for the future. This vision addresses the complex issues that affect our towns, cities and neighborhoods and visualize that how a particular environment can be changed for the better.

DA believes in designing sustainable places in balance with the aspirations of communities. "We appreciate your approach to the difficult terrain and sensitivity to native environment at site. It was indeed an achievement that 400 acres was planned for minimum cut/fill and water self sufficiency using BIM tools," says one of the company's satisfied client.

DA has worked on over 300 projects.

Design Atelier

B-4, Pamposh Enclave, 

New Delhi - 110048,

Tel.: +91 11 4100 9927-28

Email: info@da-urbis.net

Interiors: Orchestrating elements to bring grace to life

DA emphasizes creativity, craftsmanship and design management. "The use of artful elements to enhance our Brand image across offices in India, without wasteful expenditure has helped create Value through your design of spaces," reviews one of the company's satisfied client.

Design Atelier believes that the building crafts are the founding premise of all artistry and design activity. The designers at the company engage with the variety of related professions to develop more holistic and inclusive solutions for the formation of more humane design that responds to a future society. Design should bring grace to life and that matters! 

The team of designers at DA work hard to break down the segregation of inside, outside, building and landscape, and interpret our knowledge of the modern world to translate building elements into something new and intrinsically meaningful. Design Atelier's concerns in design are therefore a subtle blend of modernity and tradition, East and West, formal and picturesque.

Design Atelier
B-4, Pamposh Enclave,
New Delhi - 110048,
Tel.: +91 11 4100 9927-28
Email: info@da-urbis.net

Restaurant Design: Creating memorable experiences for guests

Restaurant design sets the stage for visitors and guests’ dining experience. And for this reason, not only good food and great customer service are important for the business business but the ambiance of a restaurant is also very crucial. For your customers to feel comfortable and enjoy food, the interior environment sets the stage.

At DA, Restaurant design is driven by meticulous planning and artful eye. The company's innovative design teams together with the clients, carefully orchestrate architectural elements, finishes, furnishings, accessories, lighting and art to create style, image and an inviting ambiance again and again.

The company's participatory approach have helped in clients' satisfaction. Here is how Director of the one of the leading chain expressed his experience, "We appreciate your principal's availability throughout the process and your willingness to really listen to our needs. We value your flexibility during the process of our projects in New Delhi, Punjab and Uttar Pradesh."

Partnerships and expert inputs is the key to the DA design approach.

Design Atelier

B-4, Pamposh Enclave, 

New Delhi - 110048,

Tel.: +91 11 4100 9927-28

Email: info@da-urbis.net

Go for Green Entrepreneurship

Defining green entrepreneurship is not an easy task. The concept itself is relatively new and has been receiving attention since the 1990s. According to 'Entrepreneurship at a Glance 2011 © OECD, "A green entrepreneur can be either making her business “green” or simply entering a “green business”. In other words, green entrepreneurship could be defined in terms of the technology used for production in any sector of the economy, or in terms of the sectors firms are active in, in which case our attention is restricted to parts of the economy producing specific types of output. The former is sometimes referred to as a process approach in defining green business, while the latter as an output approach." 

"Today what we need to learn to do is optimize the use of energy and water. There are enormous opportunities in tightening up processes to transform the built environment, in particular through how we deal with energy. It is a massive undertaking, and it is going to touch nearly every aspect of our lives, but it is also going to be an incredible source of opportunity for entrepreneurial activity," emphasize Aashish V. Karode, Principal, Planning and Design Services, Design Atelier, New Delhi.

Sustainability is a balancing process and its objective is to find a balance between our current requirements and those of future generations; between economic, social and environmental impacts; between the needs of various communities and populations.

The goal of green entrepreneurship is to consciously address an environmental/social problem/requirement through the realization of entrepreneurial ideas (some or higher level of risk) which has a net positive effect on the natural environment and at the same time is financially sustainable. Green entrepreneur, thus, is someone who starts and operates an enterprise that is designed to be green in its products and processes from the very moment it is set up.

Green buildings are profitable, cost-effective and good for the economy

Buildings account for over 40 percent of global energy-related CO2 and if we need to meet the meet global carbon reduction goals, then according to a IPCC report, we must ensure a “rapid and far-reaching” sustainable transition in land, energy, buildings, transport and cities. Green buildings, certified by LEED, actually offer a global solution for cities, communities and neighborhoods. The sustainable design of these building are reducing carbon emissions, energy and waste; conserving water; prioritizing safer materials; and lowering our exposure to toxins.

As per World Green Building Trends SmartMarket Report in 2018, the people associated with the building and construction industry expect the majority of projects in the next three years to be green buildings. Creating spaces that support health and well-being, as well as the economy and environment will accelerate sustainable development and deliver a better standard of living.

In the U.S., clients now not only demands healthier buildings but at the same time look at the economic benefits. This behavior of clients trigger growth of green buildings. Operating cost savings, shorter payback periods and increased asset value in new green buildings and green retrofits have been consistently reported.

According to an article published in new.usgbc.org, upfront investment in green building also makes properties more valuable, with a growing number of building owners seeing a 10 percent or greater increase in asset value. The percentage of owners reporting that level of growth has nearly doubled since 2012. Other benefits of green buildings, as explained in this article are:

Green buildings reduce day-to-day costs year-over-year. LEED buildings have reported almost 20 percent lower maintenance costs than typical commercial buildings, and green building retrofits typically decrease operation costs by almost 10 percent in just one year.

Green buildings are for every market and every community. A report on the Los Angeles market indicated that while traditional (non-LEED certified) buildings receive an average of $2.16/ft2, tenants were willing to pay $2.91/ft2 for LEED certified space.

The University of Texas at Austin looked at resale value on homes in the Austin-Round Rock Metropolitan Statistical Area and found that homes built to LEED standards between 2008-2016 showed an eight percent boost in value, while homes built to a wider range of green standards saw a 6 percent increase in value.

To-date, green building has created millions of jobs and contributed hundreds of billions of dollars to the U.S. economy. From 2011-2014, national green construction generated $167.4 billion in GDP. In Texas alone, more than 720,000 jobs were attributable to green construction during that time. In 2014, LEED-related employment directly contributed $1.09 billion of individual income tax to states.

Can discarded plastic bottles be used as sand?

We know that PET bottles can not be recomposed and therefore they add to existing heaps of garbage. However, there has been an attempt to use these discarded PET bottles in the construction industry! If this becomes reality, then these plastic bottles will actually reduce the construction costs! 

  

A unique strategy for construction of low-cost concrete structures by additive manufacturing of a cement based composite made from recycled PET bottles as replacement of sand is being developed by Anuradha Suryavanshi and co-researcher Elisabeth Riederer from Germany had conducted the research at the Architectural Association, London.

“As marine sand which is suitable for concrete construction is becoming scarce, concrete construction too is becoming expensive. Hence, there is need for an alternative building material,” said Anuradha. The material made from PET bottles reduces the quantity of sand used in concrete structures by nearly 13 %, thereby helping to save 10 to 15% in cost.

“Using this new material made purely out of waste, we can create decorative elements like elevation panels, partitions, façades, blocks and bricks. It can act as a replacement for metal sheets and is a sustainable alternative,” explained Anuradha.

Can eco-friendly architecture make a difference?

 

 

From the moment it starts, a building is actually a non-green action! However, ‘green actions’ are possible if the owner's understanding, the architects 'green measures' and the the skills of the builder are in close harmony with the nature and environment. The time has come when each and every project's first requirement should have an eco-friendly architecture!

We are all aware that cities have become concrete jungles, vehicular and industrial pollution is on rise and so are the temperatures. Because of huge influx of migrant population in urban areas, the need of safe and durable solutions for housing are also required. Experts insists that 'safe' and 'eco-friendly' can not be separated from each other. The role of architects, therefore, is to offer a design which is 'green and eco-friendly', so that the constructed structure is marked as 'safe'.

Everywhere, around the world, a genuine demand for more meaningful and responsible architecture has increased. People have started to understand the importance of green architecture and the even young have begin to care.

Green building refers to both a structure and the application of processes that are environmentally responsible and resource-efficient throughout a building's life-cycle: from planning to design, construction, operation, maintenance, renovation, and demolition. 

 

Design Atelier is a New Delhi based Green Architecture Firm that can help you achieve 'green and energy saving goals'. 

Can architects provide green solutions to cool buildings?

Air conditioning is making the environment even more hot due to its contribution to global warming. The use of air conditioning is increasing pollution in the environment by releasing poisonous gases into the environment. These gases include the chlorofluorocarbons and hydro-chlorofluorocarbons. Apart from how the use of air conditioners are threatening environment, they also consume a lot of electric energy.

"The US expends more energy on air conditioning, for example, than the whole of Africa does on everything. Then again, it expends even more energy on hot water, which doesn’t get the same rap. The question then is not whether to condition climate, but how. As long ago as the 1940s the Egyptian architect Hassan Fathy demonstrated, with his village of New Gourna near Luxor, how traditional techniques of orientation, ventilation, screening and shading could be revived." - The Guardian

Can Architects provide green solutions to cool buildings? Yes. In fact, an architect by harnessing the local climate, its vegetation, as well as intelligently manipulating a building's orientation, can naturally create a cooler indoor climate. 

The demand for buildings and higher density living, specially in Asian cities, continues to increase, it will be crucial to ensure this growth does not drive energy and water consumption higher. And, here architects can play their role. 

Much of the world’s architecture, prior to the 20th century, responded to the regional climate and could be considered bioclimatic. “If you look at older buildings, you see that people were very good at adapting to climate to get the maximum performance, but we kind-of got lazy once air conditioning and electric light came along at the turn of the last century,” says Patrick Leonard, the director of Paladino and Company, a green building consultant based in Seattle.

Architects around the world look to the past to introduce bioclimate strategies in designing greener buildings!

Improving energy efficiency in your building can be simple & easy

One positive trend all across the globe is how people are turning to simple, low-cost measures that can save of energy and money. Saving energy in existing buildings is very simple and easy once you make up your mind to do it. For example, a group planted 'green curtains' around 20 of its facilities on 3 continents. These lightweight green curtains allow flower or fruit-bearing plants to grow and in turn shade walls and windows, reducing direct solar gain through the windows and the buildings' opaque surface temperature by over 25 degrees F.

The building’s energy efficiency not only affects the utility bills, but can also have an impact on the property’s value and if its an office then the workers’ performance too gets boost! Improving energy efficiency in your building can also be simple & easy. Here are few measures one can take to improve the energy efficiency of any commercial building:

Measure your energy consumption
The first step one can take to boost energy efficiency is to measure the energy consumption. And the take steps where you can make the greatest improvements in energy efficiency.

Put proper insulation in place
The outside envelop of building should be designed to lower heating and cooling needs. A proper insulation can help make your building as airtight as possible. Replace doors and windows to stop air leaks in existing buildings can provide additional insulation.

Select the right ventilation system
An effective ventilation system to maintain good air quality and prevent the buildup of moisture can go a long way to improve the energy efficiency in your building.

Use energy-efficient systems and equipment
Use certified equipment and save on energy consumption and money. An Energy Star certified computer, for example, will use 30% to 65% less energy than a typical non-certified model, depending on its use.

Use LED lights
LED lights can help you reduce your energy use by 75% compared to incandescent lighting. Also, use sensors in infrequently used spaces such as conference rooms and restrooms to cut down on energy use.

Design Atelier is a New Delhi based Green Architecture Firm that can help you achieve 'green and energy saving goals'.  

Can architecture help beat the heat?

 

With heat wave already making Indians uncomfortable in many parts of the country, one questions arise that can architecture help beat the heat? Also, can we keep cool without air-conditioners? Architecture can play a big role in temperature reduction. With the help of the combination of right materials, direction and lot of windows and open spaces, the interiors can be kept cooler. Using bamboo and natural foliage to cover the facade and windows prevents heat penetration. Beating the heat with the help of architecture is not expensive but surely needs expertise!

Architects often quote examples of Pol Houses, some dating back nearly two centuries — weathered many a summers because of their unique architecture. A pol in India is a housing cluster which comprises many families of a particular group, linked by caste, profession, or religion. Pols are typical of urban centres in Gujarat especially of Old Ahmedabad.

The pol houses have grilled front door which is always open so that air enters inside the house. The scientifically designed air circulation system ensures that the hotter air gets upward movement through open courtyard which is later replaced by cooler air via smaller openings. Narrow lanes of the pols trap air to cool it.

The green cooling system recommends that home should have stone flooring, high ceiling and extensive cross-ventilation. This makes home at least 7-10° cooler than the ambient temperature.

Advantages of Rainwater Harvesting

 

When rainwater is collected and stored into natural reservoirs or tanks in order to use the same for drinking, gardening or irrigation, then the technique is called 'rainwater harvesting'. One method is rooftop harvesting where rainwater is stored using tiles, plastics or metal sheets on the top roof of the building. This rainwater can provide households with drinking water and year-round storage. Rainwater harvesting is, therefore, the accumulation and storage of rainwater for reuse on-site, rather than allowing it to run off. Here are few advantages of Rainwater Harvesting:

Rainwater harvesting reduces the dependency on ground water, hence potable water is available even adverse situations like during droughts, floods, etc..

Rainwater harvesting can be particularly beneficial in those areas where the groundwater is contaminated with chemicals like pesticides, fluoride, or cancer causing compounds etc.
   
Rainwater harvesting techniques are easy to implement, easy to construct and maintain, and the also less investment is required.

Areas where the groundwater levels have gone down, rainwater harvesting can be an effective solution. With rainwater harvesting, one can quickly and easily reduce water consumption and become more efficient. By harvesting rainwater, you can cover up to 50% of a family’s typical household water usage – this translates into savings on bills whilst helping the environment.
   
Rainwater harvesting also reduces soil erosion conserves groundwater.

The 'Green' Responsibility of Architects

Green architecture is not just a technology but full of scope for creativity. An architect, however, with the help of modern technology can not only preserve the environment but better it. All of us must understand that that to preserve the environment, we need to change our perception of what our homes and industrial buildings should look like. We must, therefore, understand how to implement nature into our buildings rather than just creating a concrete structure. Architects should create buildings that are energy efficient, more green and adaptable to surroundings. The objective should be to make ecosystems healthier and lessen the pollution impact on the earth.

All across the globe, there is a growing demand for green architecture or buildings that combines the elements of design and esthetics with sustainability and ecology. Architects must create environmentally aware designs and use energy efficient techniques in architecture. Tall buildings or residential building now have plants not only outside but continue throughout the building itself.

Green architecture is full of prospects. Architects, today (and in future) can minimize the negative environmental impact of their structures by combining their artistic vision with the modern technology and not only save the environment but improve it.

Design Atelier is one such architecture company that offers green buildings designs without compromising over esthetics. Based in New Delhi, the capital of India, the company firmly belives that green architecture is responsibility of architects. We must leave good marks on the earth and work with a thoughtful integrity and a contemporary sensibilities to create buildings with surrounding which are healthier and without pollution.

In Vadodara, Architecture students create artistic classroom to street children

Recently in Vadodara, a group of architecture student spruced up the the space below the Lalbaug bridge to provide artistic classroom to street children. The faculty and other professionals belonging to the School of Architecture Art and Design (SAAD) of ITM Universe, MS university and other colleges too helped their students design creative space where street children can take regular lessons.

The efforts of these architecture students are now helping street children learn under the bridge in a revamped and painted classroom. Students of ITM SAAD are looking forward to such collaborative works so that they gift the city and its people at large.

The project was carried out in collaboration with Project Retrofit, a local street artist group in the city, which is using its skills to give better urban experience to the people of the city.

Top Green Buildings in India

The government and real estate sector in India has acknowledged the benefits of green buildings and have started to implement the concept in their initiatives and projects. Since last few years, green buildings have been the norms in many government initiatives like Smart Cities Mission, Pradhan Mantri Awas Yojana (PMAY) and Atal Mission for Rejuvenation and Urban Transformation (AMRUT). Even the private players in real estate sector have been integrating the sustainable growth and energy-efficient concepts in their projects. Here is the list of few renowned (top) green buildings in India:

Suzlon One Earth, Pune

CII- Sohrabji Godrej Green Business Centre, Hyderabad

ITC Maurya, New Delhi

Jawaharlal Nehru Bhawan, New Delhi

ITC Green Centre, Gurgaon

Infinity Benchmark, Kolkata

The benefits of green buildings includes enhancing quality of life and cease problem of depleting natural resources. We need a large-scale of green and energy efficient buildings. A country like India where only 20 million square meters of area is covered by green buildings, the practice must be promoted. 

Green buildings must do more to reduce energy-related C02 emissions to zero

World over, the buildings are responsible for 40 percent of energy-related carbon dioxide (CO2) emissions and since 2010 the global building sector CO2 emissions are up 3 percent. Though this is a matter of concern, yet architects believe that buildings could be actually a possible solution to the climate crisis. Through sustainable measures and practice, buildings could not only greatly reduce their demand for energy, but could generate clean, renewable energy. If warming could be kept below 2℃, the built environment may become carbon-neutral by 2050.

The built environment industries which includes architects, engineers, designers and developers understand that though the concept of “green building” got into reality more than 30 years ago yet not enough has been achieved. It requires willpower policy, regulation and incentives in order to do more to fix our climate emergency.

Our planet has warmed about 1℃ since the 19th century and rising! If it rises to another degree, then it may push the civilization to the brink. According to the UN Intergovernmental Panel on Climate Change, urgent and unprecedented changes are required to reduce greenhouse gas emissions (GHGs) so that we avoid reaching 2℃. 

All attempt to reduce energy-related C02 emissions from buildings to zero must be taken with all our capacity.  Architecture2030.org, a U.S. based non-governmental organization, recently introduced the first national and international “Zero Code” building standard for new construction. It focuses on designing buildings with high energy efficiency that use no fossil fuels in their operation. The organization is working in California and China to put the policy into practice.

The performance of LEED-certified buildings (and those that are not yet certified) are evaluated against a proprietary dataset and given an “Arc score.” This process anchors our progress to a baseline number, not towards constructing unprecedented sustainable buildings.

2019 - The year of a green new deal?

Richard Murphy and Colin Hines have suggested a number of ways on how to raise revenue that could be used to fund energy efficiency in all buildings, renewable and local transport systems. They hope that this green new deal would also provide jobs in every constituency and dramatically reduce carbon emissions.

To deliver this 'green' will, Richard Murphy and Colin Hines writes in the guardian.com, require that people be convinced that they will benefit and that there is the money to pay for such a transformation. Also, taxes on the wealthy can be increased.

According to them these funding can be raised in many ways including private savings via “green war bonds”. Another mechanism would be to improve tax collection. Also, bank could purchase new debt issued in the form of green bonds by a national investment bank to fund energy efficiency in all buildings, renewable and local transport systems.
 
Murphy and Colin suggests to use quantitative easing to fund the transition to a sustainable economy. Read more