A Study on the Influence of cost on investment capital in construction of works according to green building standards

Abstract

Green buildings (GRBs) are becoming a crucial norm in modern construction due to their substantial environmental and social benefits. Despite the slow progress in Vietnam, the pressing need for sustainable development is driving the integration of green standards in construction projects. GRBs not only contribute to environmental protection but also offer long-term economic advantages to stakeholders. However, one significant challenge hindering their broader adoption is the higher initial investment costs compared to conventional buildings. This paper focuses on analyzing how these costs influence the investment capital for GRBs, addressing both the challenges and opportunities they present. It delves into the primary cost factors affecting investment decisions and suggests strategies to minimize costs and enhance the accessibility of GRBs. The goal is to establish a scientific and practical foundation that enhances the recognition and value of GRBs, advocating for policy reforms and a mix of financial and non-financial incentives. Additionally, the paper emphasizes the importance of training in renewable energy and ecological design to foster sustainable practices within the industry.