Enhancing the EU Taxonomy for Sustainable Real Estate
The Case for Including Surrounding Environmental Impacts
Michaël Peeters (TU Delft - Real Estate Management)
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Abstract
This paper examines the limitations of the current European Union (EU) Taxonomy for Sustainable Activities as applied to real estate investments. It argues for a revised approach that incorporates the broader environmental impacts of real estate assets, including the effects on surrounding investments and infrastructure. By integrating these considerations, the taxonomy can promote more holistic and sustainable urban development practices.