2.1. Common Incentive Mechanisms

Try these first

1. 1.

   What is a tax incentive?

   Hint

   Think about how the government encourages green projects.

2. 2.

   What does FAR stand for?

   Hint

   Consider how it relates to building space.

3. 3.

   What is a common financial incentive to promote sustainable construction?

   • Tax incentives
   • Increased Construction Time
   • Higher Interest Loans

   Hint

   Think about government support for green initiatives.

4. 4.

   True or False: Fast-track approvals increase the time needed for a project to receive necessary permits.

   • True
   • False

   Hint

   Consider what 'fast' means.

5. 5.

   Evaluate a proposed green building project costing ₹3,000 per m² that does not qualify for any incentives. Compare this to a conventional project at ₹2,500 per m² with similar features and regulatory hurdles. Calculate how utilizing potential tax incentives or grants might change the viability of the green project.

   Hint

   Consider both the short-term and long-term financial impacts.

6. 6.

   Design a policy proposal for local government that includes at least three incentive mechanisms to promote green building. Justify each mechanism with expected outcomes in terms of environmental benefits and economic viability.

   Hint

   Utilize real-world examples to support your policies.