19 Sep '11, 3am

Greening buildings a 'retrovestment':

No journalist likes to be hauled out of bed too early in the morning (since news often happens later in the day), but I was glad to be part of an early-morning discussion on the final day of the International Green Building Conference held on Friday, where a new buzzword for the industry had been coined: “retrovestment”. The main takeaway from the two-hour discussion among key industry players was that retrofitting a building is no longer seen more as a cost but as an investment. Hence, it should be suitably called “retrovestment”, said BCA’s director Tan Tian Chong to laughter from the audience. In the past five years of covering the local housing and environment beat, I had often asked Singapore’s building agency, the Building and Construction Authority (BCA), for numbers that proved the value of greening existing buildings. I finally got the answers when the Friday morn...

Full article: http://www.eco-business.com/opinion/greening-buildings-a-...

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