Due to increasing demand for environmentally friendly products and services, carbon cost management, life cycle analysis, and green building codes are gaining importance in the real estate and construction industries. These concepts are closely related to green bonds, financial instruments used to fund environmentally friendly projects. By understanding the carbon costs and environmental impacts of their operations, organizations can take steps to reduce their carbon footprint and create more sustainable products and services. These efforts can help mitigate the impact of climate change and create a more sustainable built environment.