Sustainable development is inconceivable without healthy real estate market. A housing project can be regarded as sustainable only when all the dimensions of sustainability (environmental, economic, and social) are dealt with. There has been an increased interest in using sustainability indicators for evaluating the impacts of the new development projects. Although international literature is rich in sustainability assessments, there are no tools developed for assessment of new residential projects in the specific context of the Baltic States. Therefore, the aim of this article is to fill this gap and to propose an integrated, hierarchically structured system of sustainability indicators to be used for assessment of the new housing development projects. This aim is achieved through accomplishing three objectives. First, based on a review of literature related to assessing building project performance and sustainable development in construction, the paper proposes an original hierarchically structured system of sustainability indicators suitable for the Baltic context. Second, based on a survey of experts, significances of criteria are estimated by the Analytic Hierarchy Process (AHP) method. Finally, paper proposes recommendations to government authorities and real estate developers as to how to enhance the performance of new residential projects according to the principles of sustainability.

As woodworking and construction technologies improve, the construction of multi-storey timber buildings is gaining popularity worldwide. There is a need to look at the design of existing buildings and assess their sustainability. The aim of the present study is to assess the sustainability of modern high-rise timber buildings using multi-criteria assessment methods. The paper presents a hierarchical system of sustainability indicators and an assessment framework, developed by the authors. Based on this framework, the tallest timber buildings in different countries, i.e., Mjøstårnet in Norway, Brock Commons in Canada, Treet in Norway, Forte in Australia, Strandparken in Sweden and Stadthaus in UK, were compared across the three dimensions of sustainability (environmental, economic/technological, and social). Research has revealed that none of the buildings is leading in all dimensions of sustainability. However, each building is unique and has its own strengths. Overall multi-criteria assessment of the buildings revealed that the Brock Commons building in Canada has received the highest rank in all dimensions of sustainability. The paper contributes to the theory and practice of sustainability assessment and extends the knowledge about high-rise timber buildings. The proposed sustainability assessment framework can be used by both academics and practitioners for assessment of high-rise timber buildings.

Housing is one of the most important public priorities affecting urban development and therefore has a significant impact on sustainable development. A housing project can be regarded as sustainable only when all the dimensions of sustainability (environmental, economic, and social) are dealt with. The aim of the present article is to propose an integrated, hierarchy-based, multiple-criteria approach for the sustainability assessment of new residential development projects, which is achieved through the accomplishment of three objectives. First, this paper proposes an original framework for a multiple-criteria assessment of new residential projects. Second, the proposed methodology is demonstrated in the assessment of nine residential development projects in Lithuania, Latvia, and Estonia according to a hierarchical system of 53 sustainability indicators developed specifically for the Baltic context. Finally, based on the research results, the paper proposes recommendations to stakeholders for enhancing the performance of new residential projects according to the principles of sustainability. The proposed sustainability assessment approach is not limited to the Baltic States and can also be used in other countries, applying the adapted sustainability assessment indicators.

Green and sustainable hydrogen has a major role in moving towards decarbonization of energy, providing viable solutions in all most challenging sectors of the national economies. It would penetrate practically all sectors of economic activity, such as long-haul transport, steel and chemical industries, power generation and energy storage. Green and sustainable hydrogen cost competitiveness is also closely linked to developments of large-scale renewable energy sources (in case of green hydrogen; hereinafter – RES) and further commercialization of carbon dioxide (in case of sustainable hydrogen produced from natural gas; hereinafter – CO₂) capture and storage (hereinafter – CCS) technologies. In the European Union (hereinafter – EU), sustainable and especially green hydrogen is gaining strong political and business momentum, emerging as one of major components in governments’ net zero plans within the European Green Deal and beyond. Being extremely versatile both in production and consumption sides, it is light, storable, has high energy content per unit mass and can be readily produced at an industrial scale. The key challenge comes from the fact that hydrogen is the lightest known chemical element and so has a low energy density per unit of volume, making some forms of long-distance transportation and storage complex and costly. In this paper, green and sustainable hydrogen is reviewed as a vital part of emerging European smart energy framework, which could contribute significantly to economy decarbonization agenda of the EU and Latvia in both in short- and mid-term perspective.

Sustainable development is inconceivable without healthy real estate market. A housing project can be regarded as sustainable only when all the dimensions of sustainability (environmental, economic, and social) are dealt with. There has been an increased interest in using sustainability indicators for evaluating the impacts of the new development projects. Past and recent experiences have shown that sustainability indicators can be useful tools for measuring the outcomes of new construction, when used appropriately and adequately. The aim of this article is to propose an integrated, hierarchically structured system of sustainability indicators to be used for assessment of the new housing development projects in the Baltic States. This aim is achieved through accomplishing three objectives. First, based on a review of literature related to assessing building project performance and sustainable development in construction, the paper proposes a hierarchically structured system of sustainability indicators. Second, based on a survey of experts from the Baltic States, significances of criteria are estimated by the Analytic Hierarchy Process (AHP) method. Finally, paper proposes recommendations to government authorities and real estate developers as to how to enhance the performance of new residential projects according to the principles of sustainability.

The tendencies of the development of real estate market could affect the tendencies within the real estate development. The development of the real estate market could be influenced by the variety of factors, depending on the economic system of the country and other factors. The aim of the research is to analyse the tendencies in the Latvian real estate market, by paying particular attention to its influencing factors and sustainable real estate development. The literature review, comparative, historical, statistical analysis, observation and logical access methods have been used in the research. The research provides an interdisciplinary view on the topic. Particular attention is paid to the case of Latvia. The research can be used to promote the importance of sustainability and sustainable development using different forms, mostly economic and environmental ones. Changes within the economic dimension, including changes of real estate market prices, and other significant aspects of real estate development can influence the sustainability of the real estate market in general and may affect the financial results of market participants. Thus, the research can also be useful for real estate developers for a planned, balanced and financially successful entrepreneurship in the changing environment.