Buildings account for 40% of global energy consumption and nearly one-third of global CO_(2) emissions;and the resulting carbon footprint significantly exceeds that of all forms of transportation combined. Attractive ...Buildings account for 40% of global energy consumption and nearly one-third of global CO_(2) emissions;and the resulting carbon footprint significantly exceeds that of all forms of transportation combined. Attractive opportunities exist to reduce buildings’ energy use at lower costs and higher returns than in other sectors. This paper analyzes the concerns of uncertainty, in terms of transaction costs, to the real estate developers when they make decisions about investing in Building Energy Efficiency (BEE). To solicit views of developers regarding BEE investment, in-depth interviews were conducted with 15 executives and architects who work in big real estate development firms covering 80% of real estate activities in Hong Kong. This research applies transaction cost economics (TCE) to study the underlying reasons resulting from uncertainty that cause market reluctance to accept BEE by choice. It provides a detailed analysis of the current situation and future prospects for BEE adoption through studying the impacts from three aspects: economic, market and policy uncertainties. It delineates the market and suggests possible policy solutions to overcome the uncertainties and to attain the large-scale deployment of energy-efficient building techniques. The findings establish the groundwork for future studies on how to choose a particular policy package and what roles government should play to solve the existing problems in BEE development.展开更多
Sustainable building has become a future development trend in the building sector.Building Energy Efficiency Retrofit(BEER)provides excellent opportunities to reduce energy consumption in existing buildings,and to pro...Sustainable building has become a future development trend in the building sector.Building Energy Efficiency Retrofit(BEER)provides excellent opportunities to reduce energy consumption in existing buildings,and to promote environmental protection,the rational use of resources,occupants’health,all of which helps to improve the sustainability of existing buildings.Energy Performance Contracting(EPC)provided by Energy Service Companies(ESCOs)is a market mechanism to provide financial and technological support for energy efficiency projects.This paper aims to develop a sustainability promotion framework for BEER projects under the EPC mechanism to link the sustainable performance of BEER with the success factors of this EPC mechanism.Different types of building have different energy consumption characteristics.This research focuses on hotel buildings in China.The paper develops a framework for sustainable BEER through an EPC mechanism in hotel buildings based on the EFQM Excellence Model for business quality management.Interviews were conducted with experts from the hotel industry,from energy service companies and with academics.Based on the developed framework,the study has identified 11 performance indicators for sustainable BEER and 28 success factors of an EPC mechanism.This provides significant groundwork for future study in developing an assessment model to evaluate the sustainability of BEER projects.展开更多
文摘Buildings account for 40% of global energy consumption and nearly one-third of global CO_(2) emissions;and the resulting carbon footprint significantly exceeds that of all forms of transportation combined. Attractive opportunities exist to reduce buildings’ energy use at lower costs and higher returns than in other sectors. This paper analyzes the concerns of uncertainty, in terms of transaction costs, to the real estate developers when they make decisions about investing in Building Energy Efficiency (BEE). To solicit views of developers regarding BEE investment, in-depth interviews were conducted with 15 executives and architects who work in big real estate development firms covering 80% of real estate activities in Hong Kong. This research applies transaction cost economics (TCE) to study the underlying reasons resulting from uncertainty that cause market reluctance to accept BEE by choice. It provides a detailed analysis of the current situation and future prospects for BEE adoption through studying the impacts from three aspects: economic, market and policy uncertainties. It delineates the market and suggests possible policy solutions to overcome the uncertainties and to attain the large-scale deployment of energy-efficient building techniques. The findings establish the groundwork for future studies on how to choose a particular policy package and what roles government should play to solve the existing problems in BEE development.
基金supported by a research grant from Hong Kong Polytechnic University.
文摘Sustainable building has become a future development trend in the building sector.Building Energy Efficiency Retrofit(BEER)provides excellent opportunities to reduce energy consumption in existing buildings,and to promote environmental protection,the rational use of resources,occupants’health,all of which helps to improve the sustainability of existing buildings.Energy Performance Contracting(EPC)provided by Energy Service Companies(ESCOs)is a market mechanism to provide financial and technological support for energy efficiency projects.This paper aims to develop a sustainability promotion framework for BEER projects under the EPC mechanism to link the sustainable performance of BEER with the success factors of this EPC mechanism.Different types of building have different energy consumption characteristics.This research focuses on hotel buildings in China.The paper develops a framework for sustainable BEER through an EPC mechanism in hotel buildings based on the EFQM Excellence Model for business quality management.Interviews were conducted with experts from the hotel industry,from energy service companies and with academics.Based on the developed framework,the study has identified 11 performance indicators for sustainable BEER and 28 success factors of an EPC mechanism.This provides significant groundwork for future study in developing an assessment model to evaluate the sustainability of BEER projects.
