Shedding Light on Financial Sustainability: Analyzing the Economic Implications of Energy-Efficient Lighting in the Construction Industry

Abstract

Energy is widely recognized as a critical production factor across numerous industries. Energy efficiency is a method by which the expansion of energy consumption is managed and restrained. The main goal of this research is to investigate the financial implications of energy-efficient lighting in the building sector.The objectives of the paper were to: evaluate the current adoption and market share of energy-efficient lighting technologies in the construction sector, assess the economic impact of energy-efficient lighting, including cost-effectiveness, potential energy savings, and greenhouse gas emission reductions, analyze the effects of energy-efficient lighting on worker safety, productivity, and overall project costs in the construction sector, identify barriers to adoption and recommend policy changes and incentives to promote the widespread use of energy-efficient lighting in the construction sector in Pakistan.The methodology of the research follows the quantitative approach, data which was used to achieve the objectives includes literature, data sources, and project details on the construction industry from 2015 to 2021. Literature analysis and Data metrics were used to analyze of data.Studies found that energy-efficient lighting not only provides significant long-term cost savings but also improves environmental sustainability by lowering greenhouse gas emissions and energy consumption. Further, the literature analysis shows the beneficial relationship between adequate lighting and improved worker well-being as well as project efficiency, even though empirical data on these topics may be scarce.The study suggested that to overcome barriers and optimize the advantages of energy-efficient lighting, it is important to increase knowledge, provide financial incentives, improve access to eco-friendly construction materials, and strengthen compliance with building energy codes.