Impact of financial assumptions on the cost optimality towards nearly zero energy buildings - a case study
Abstract
3 result(s) found
Accounting for over 70% of global CO2 emissions, cities are major contributors to climate change. Acknowledging this, urban climate change adaptation and mitigation plans are increasingly developed to make progress toward enhancing climate resilience. While there is consensus that focusing on both adaptation and mitigation is necessary for addressing climate change impacts, better understanding of their interactions is needed to efficiently maximize their potentials. This paper, first, provides a bibliographic analysis to map existing knowledge regarding adaptation-mitigation interactions.
Cost savings from efficiency gains are at the core of the green building business case. Significantly lower energy bills are said to be a major factor in the green rent premium observed in earlier studies. Our study tests this relationship by inferring energy costs from operating expenses for a large dataset of U.S. office buildings and relating them to rental rates. We find that eco-certification is associated with a higher than anticipated total energy expenditure, which is the opposite of its expected effect.