Impact of financial assumptions on the cost optimality towards nearly zero energy buildings - a case study
Abstract
25 result(s) found
Building energy efficiency is an important strategy for reducing greenhouse gas emissions globally. In fact, 55 countries have included building energy efficiency in their Nationally Determined Contributions (NDCs) under the Paris Agreement. This research uses building energy code implementation in six cities across different continents as case studies to assess what it may take for countries to implement the ambitions of their energy efficiency goals.
This paper introduces the major state-level regulations and policies for improving energy efficiency in buildings. The purpose of the review is to discuss the challenges and issues in policy implementation and the latest trend in adopting innovative instruments. The implementation of customer efficiency programs increasingly incorporates non-price instruments to encourage participation and deep savings. States pay attention to not only code adoption and update but also compliance and evaluation.
Energy efficiency (i.e., the ratio of output of performance to input of energy) in office buildings can reduce energy costs and CO2 emissions, but there are barriers to widespread adoption of energy efficient solutions in offices because they are often perceived as a potential threat to perceived comfort, well-being, and performance of office users. However, the links between offices' energy efficiency and users' performance and well-being through their moderators are neither necessary nor empirically confirmed.
Around the world, engineers, architects and policymakers have been exploring ways to deliver highly efficient buildings whose reduced energy demand is satisfied by clean, renewable energy. Building off of the broader concept of a green or sustainable building, the concept of the “net zero building” focuses on the energy dynamics and performance of the building. And as policymakers and leaders align toward the net zero concept, the focus on achieving deep energy efficiency has centered on integrated technologies as well as ways to connect buildings to the natural environment.
The Clean Energy Finance Corporation (CEFC) commissioned Energy in Buildings: 50 Best Practice Initiatives as a practical, user-friendly resource for property owners and managers, hoping that this will lead to greater awareness and implementation of initiatives across the property industry to reduce costs and emissions.
Improving residential energy efficiency is widely recognised as one of the best strategies for reducing energy demand, combating climate change, and increasing security of energy supply. However, progress has been slow to date due to a number of market and behavioural barriers that have not been adequately addressed by energy efficiency policies and programmes. This study is based on updated findings of the European Futures for Energy Efficiency Project that responds to the EU Horizon 2020 Work Programme 2014–2015 theme ‘Secure, clean and efficient energy’.
This report sets out the positive and negative impacts of improvements in energy efficiency in buildings that could come about through a recast of the Energy Performance Buildings Directive (EPBD). Successive studies have shown that energy efficiency offers many of the most cost-effective options for meeting global emission targets. In many cases, energy efficiency measures have been shown to be ‘negative cost’, meaning that it would be economically advantageous to implement them.
The building sector is not on track to lower total greenhouse gas emissions. Given that emissions from the sector represent nearly 40% of global energy-and process-related emissions, this represents a serious challenge to keeping global warming to 1.5oC. The Buildings sector must therefore decarbonize.To support this goal, this report focuses on policy drivers for decarbonisation, and the costs and benefits associated with their implementation.
A new analysis framework is developed and applied to assess the benefits of building energy efficiency policies and programs. One of the main advantages of the new energy productivity analysis is that it accounts for both economic and energy performances of energy efficiency actions using only one metric. Specifically, the approach applies the concept of energy productivity to the building sector and accounts for both value added and energy savings of energy efficiency measures.
Nowadays, energy efficiency (EE) is presented as a reliable strategy towards sustainable development, but its application has not been developed equitably worldwide, since most EE policies have been implemented in industrialised nations, and developing countries are still in the process of improving their EE levels.
A JRC workshop on split incentives organised in the framework of article 19(1)(a) of the Energy Efficiency Directive (Directive) has been organised in order to examine current solutions addressing split incentives in the building sector in Europe and beyond. The workshop focused on the social housing, private residential and commercial sectors. Practices from Italy, the Netherlands, the UK, Denmark, Sweden and the US were presented and a panel discussion between representatives from groups of landlords, tenants, social housing and ESCOs was held.
Residential buildings use approximately 20 percent of the total U.S. energy consumption, and single-family homes alone account for about 16 percent. Older homes are less energy efficient than newer ones, and, although many experts have identified upgrades and improvements that can yield significant energy savings at relatively low costs, it has proven to be difficult to spur most homeowners into making these investments.
The gap between actual carbon prices and those required to achieve ambitious climate change mitigation could be closed by enhancing the public acceptability of carbon pricing through appropriate use of the revenues raised. In this Perspective, we synthesize findings regarding the optimal use of carbon revenues from both traditional economic analyses and studies in behavioural and political science that are focused on public acceptability.
Belt and Road Initiative (BRI) countries are major energy producers and consumers in the world, and they have enormous potential for energy cooperation, energy saving, and CO2 emissions reduction due to their various resource endowments. However, little quantitative research has been conducted under the BRI in the same framework.
This article advances a conceptual view of the role of local government in global environmental governance ('GEG') and the system of transnational environmental law ('TEL'). The underlying hypothesis is that a deeper understanding of the role of local governments (global cities and smaller local authorities) is expedient as it has the potential to curb some recurring GEG failures and contribute towards improvements in the pursuit of the objectives of TEL.
This paper analyses the field of innovation studies regarding barriers to low-carbon innovation and consequences for finance (investment and divestment) and contributes to a more holistic understanding of the underlying mechanisms. A combination of technological barriers combined with economic barriers, institutional and political barriers contribute to suboptimal low-carbon investment all along the innovation cycle. Policy makers need to take a systemic approach to enable the redirection of diverse private financial sources.
Municipal policies can reduce greenhouse gas emissions and help to mitigate climate change. It is often unclear why cities would adopt such policies, however, given that the benefits from climate mitigation will be felt globally, rather than exclusively locally. Studies have identified a rationale for urban mitigation and energy policies rooted in local co-benefits, such as improvements in local environmental quality or job creation. Here we explore the possibility of financial co-benefits: whether municipal climate policies lead to an enhanced creditworthiness.
Contemporary societies are facing a broad range of challenges, from pressures on human health and well-being to natural capital depletion, and the security of food, water and energy. These challenges are deeply intertwined with global processes, such as climate change and with local events such as natural disasters. The EU's research & innovation (R&I) policy is now seeking to address these challenges from a new perspective, with Nature-Based Solutions, and turn them into innovation opportunities that optimise the synergies between nature, society and the economy.
With the urgency of climate change, and billions spent globally on renewable energy (RE) support policies, it is crucial to understand which policies are effective. Substantial scholarly research on RE deployment policies has been carried out over the last two decades, resulting in inconclusive findings regarding the effectiveness of mobilizing private finance. Here, we take a novel perspective and review 96 empirical studies concerning the impact of policies on two key investor decision metrics: investment risk and investment return.