Professionals are well-placed to boost market confidence, trust and transparency through professional standards, financial innovation and appropriate levels of regulation, provided they are able to take a longer term view.
“We are underinvesting in energy efficiency”. Dr Summers called for greater action on sustainability. With historically low interest rates expected to continue, and with historically high levels of savings rates combined with low rates of investment, investment in sustainable features was particularly good value and yet “We are underinvesting in energy efficiency”.
Moreover, governments were “missing the opportunity” of favourable conditions to invest in much-needed infrastructure renewal. A key reason for the shortfall in investment was political and investor doubts that infrastructure projects would be delivered to time and on budget, a key area where professionals could make a significant contribution.
Jeffrey Matsu, RICS Senior Economist takes an in-depth look at the economic issues arising from Dr Summers’ remarks and what they mean for professionals. Download the report now
About the World Built Environment Forum (WBEF)
The World Built Environment Forum demonstrates responsible leadership for the built environment and is an annual, global event which takes place on a different continent each year.
This forum creates and sets the standard for dialogue and collaboration among professionals, clients, policy makers and regulators with the aim of driving up standards so that our profession and our industry show responsible leadership in enabling sustainable growth.