Building green, sustainable infrastructure may not help with inequality

Green gentrification studies suggest sustainable developments may raise the prices of property nearby

Around the world, new developments are increasingly framed as sustainable to both policymakers and prospective buyers. They are seen as a “win-win” for the environment and the economy. However, recent concerns suggest social inequality often results.

Barangaroo is one such green development on the harbourfront in Sydney, Australia. What was once a contaminated, dilapidated, post-industrial wharf is now home to a six-hectare park, three office towers and two residential complexes. More is to come, in the form of a 275-metre hotel-casino.

Beyond its immense scale, Barangaroo is significant for another reason: it has a commendable sustainability agenda.

Rooftop solar partially powers the buildings,