Turning green into gold: A review on the economics of green buildings
Adoption of green design and technology in buildings, which can mitigate negative impacts on the environment, has been recognized as a key step towards global sustainable development. In addition to technology development, economic viability plays a pivotal role in stimulating the design, construction and use of green buildings. This paper provides a comprehensive review of recent studies on the economic viability of “going green”, including cost-benefit analyses from the perspective of building life cycle and from the perspective of major market participants.