Implications for Cost Management Analysis of New Green Building Materials in the Context of Low-carbon Economy: A Critical Review in China

Kaiying Liao ( School of Management, Guangdong Ocean University, Zhanjiang, 524088, China )

Ming Zhang ( School of Management, Guangdong Ocean University, Zhanjiang, 524088, China )

Huixin Zhang ( Lyceum of the Philippines University, Manila, 1002, Philippines )

Abstract

In 2020, the Chinese government made a clear international commitment to "carbon peak and carbon neutrality." The construction industry is a major emitter of greenhouse gases, posing a significant challenge to achieving the goal of "carbon peak and carbon neutrality." The development of low-carbon buildings can play a crucial role in reducing GHG emissions. China's low-carbon construction industry is experiencing continuous growth, and the building materials market is also evolving. To capitalize on the significant opportunity presented by the development of low-carbon construction, this paper delves into the background of the low-carbon economy. Firstly, the paper summarizes the impact of the low-carbon economy on the cost management of new green building materials. It then analyzes the current challenges facing the cost management of building materials in Chinese construction enterprises. Finally, it discusses strategies for enhancing the cost management of building materials within enterprises. This study aims to provide construction companies with valuable insights into the cost management of new green materials, enabling them to minimize capital expenditure through the implementation of scientific and strategic management practices. By benefiting from cost savings, enterprises can foster long-term development. Moreover, this research can serve as a reference point for China's endeavors towards achieving green development and facilitating a low-carbon transformation in the construction industry.

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