Economic Dynamics of Decarbonization, Innovation and Resilience in the Built Environment
Abstract
The research study explores into the complex interaction between economics, decarbonisation, innovation, and resilience in the built environment, with a comparative focus on Japan and India. Understanding the economic implications of sustainable development in the built environment is critical as the world grapples with the pressing need to mitigate climate change and create resilience to its effects. Both Japan and India face the challenges of lowering carbon emissions, encouraging innovation and increasing resilience in the face of increased urbanization, infrastructural expansion and environmental concerns. The paper explores the economic ramifications of these activities, namely how they cross and influence one another within the distinct socioeconomic contexts of Japan and India. The study investigates the economic costs and advantages of decarbonisation projects, the role of innovation in encouraging sustainable practices, and the economic case for investing in resilient infrastructure using a comprehensive literature review and comparative analysis. By combining insights from academic research and policy documents, this study provides unique insights into the opportunities and challenges of transitioning to a low-carbon, resilient built environment. Furthermore, this study makes policy recommendations tailored to the specific contexts of Japan and India, emphasising strategies for incentivizing green innovation, mobilising financial resources for sustainable development, and improving collaboration among government, industry, and civil society stakeholders.
Keywords: Decarbonization, Built Environment, Innovation, Resilience
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