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This morning, the Standing Committee on Human Settlements visited the estimated R2 billion Belhar mixed use development housing project, a high-density housing development near the University of the Western Cape. About 4 188 housing units will have been made available by the end of the development, including student accommodation, social housing and open market units. The members of the committee were delighted to see the status of the social housing units which are complete.
Smart Green Buildings Spell Success for Municipal Recovery Image The world’s urban population will more than double its current size by 2050. As a result of unsustainable construction practices, buildings — where urban residents live, play, and work — account for almost 40% of energy-related greenhouse gas emissions. Prioritizing green investments and smart building retrofits will help municipalities stimulate a sustainable post-pandemic recovery. A green investment strategy will create local jobs, reduce the burden on utilities, and improve government operating budgets. An IFC analysis brings welcome news to municipalities. Building retrofits represent a $1.1 trillion investment opportunity, and could create 25 million new jobs globally by 2030. Policies to stimulate green construction could create another $25 trillion in investments in the same time span.