Impact of financial assumptions on the cost optimality towards nearly zero energy buildings - a case study
Abstract
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This document is Chapter 7 of Work in a Warming World, edited by Carla Lipsig-Mummé and Stephen McBride. Chapter 7 discusses the critical role of labour in addressing climate change.
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.