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Incentives to catalyse green building certifications for building construction

Aulin, Radhlinah LU and Elland, Filip (2013) 7th Nordic Conference on Construction Economics and Organization, 2013 In [Host publication title missing] p.13-23
Abstract
In the construction industry, sustainability and greening is more than just a passing trend. It has become an important agenda since the building sector has immense environmental impacts. It accounts for 42% of final energy consumption and about 35% of all greenhouse gas emissions. In order to meet these challenges, the construction industry needs to change and adopt new working procedures which take the environment into consideration. Since studies have shown that sustainable development contributes to economic, environmental and social benefits for organisations, it is apparent to attract developers and property owners to invest in green buildings. The aim of this study is to examine incentives offered to environmental certification... (More)
In the construction industry, sustainability and greening is more than just a passing trend. It has become an important agenda since the building sector has immense environmental impacts. It accounts for 42% of final energy consumption and about 35% of all greenhouse gas emissions. In order to meet these challenges, the construction industry needs to change and adopt new working procedures which take the environment into consideration. Since studies have shown that sustainable development contributes to economic, environmental and social benefits for organisations, it is apparent to attract developers and property owners to invest in green buildings. The aim of this study is to examine incentives offered to environmental certification systems for building that give credibility to the environmental work. The discussions will begin by investigating current incentives in existing environmental certifications system such as Green Building, Miljöbyggnad, LEED and BREEAM. Additionally, the study will appraise the incentives that are offered in successful energy savings sectors such as clean vehicles and other examples from the USA local governments. The study had conducted interviews with 15 environmental experts’ to gain better understanding on existing green certifications and new incentives that can be infused to promote green buildings. Results demonstrate that there are no clear direct financial incentives offered to green building investors. However intangible incentives gained from green building such as: clear goals, systematic mode of operation, higher property value, lower operating costs, marketing profits, higher rental income and higher status for certified green buildings are driving factors for this presently largely voluntary practice. Likewise, the lessons learned from other successful energy savings sectors enable the authors to conclude that proposing incentives such as favourable loan and insurance, better insurance premiums, speedier document processing, attractive tax incentives can act as a catalyst in stimulating the development of more green certified buildings. (Less)
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Chapter in Book/Report/Conference proceeding
publication status
published
subject
keywords
green buildings, environmental assessment certifications, clean vehicle, incentives
in
[Host publication title missing]
editor
Klakegg, Ole Jonny
pages
13 - 23
publisher
Akademika Publishing
conference name
7th Nordic Conference on Construction Economics and Organization, 2013
ISBN
9788232102730
language
English
LU publication?
yes
id
008a7db6-5530-4342-ab03-3a155b3d1c58 (old id 4317139)
alternative location
http://www.ntnu.no/7nordic
date added to LUP
2014-07-03 14:34:07
date last changed
2016-07-01 11:25:39
@misc{008a7db6-5530-4342-ab03-3a155b3d1c58,
  abstract     = {In the construction industry, sustainability and greening is more than just a passing trend. It has become an important agenda since the building sector has immense environmental impacts. It accounts for 42% of final energy consumption and about 35% of all greenhouse gas emissions. In order to meet these challenges, the construction industry needs to change and adopt new working procedures which take the environment into consideration. Since studies have shown that sustainable development contributes to economic, environmental and social benefits for organisations, it is apparent to attract developers and property owners to invest in green buildings. The aim of this study is to examine incentives offered to environmental certification systems for building that give credibility to the environmental work. The discussions will begin by investigating current incentives in existing environmental certifications system such as Green Building, Miljöbyggnad, LEED and BREEAM. Additionally, the study will appraise the incentives that are offered in successful energy savings sectors such as clean vehicles and other examples from the USA local governments. The study had conducted interviews with 15 environmental experts’ to gain better understanding on existing green certifications and new incentives that can be infused to promote green buildings. Results demonstrate that there are no clear direct financial incentives offered to green building investors. However intangible incentives gained from green building such as: clear goals, systematic mode of operation, higher property value, lower operating costs, marketing profits, higher rental income and higher status for certified green buildings are driving factors for this presently largely voluntary practice. Likewise, the lessons learned from other successful energy savings sectors enable the authors to conclude that proposing incentives such as favourable loan and insurance, better insurance premiums, speedier document processing, attractive tax incentives can act as a catalyst in stimulating the development of more green certified buildings.},
  author       = {Aulin, Radhlinah and Elland, Filip},
  editor       = {Klakegg, Ole Jonny},
  isbn         = {9788232102730},
  keyword      = {green buildings,environmental assessment certifications,clean vehicle,incentives},
  language     = {eng},
  pages        = {13--23},
  publisher    = {ARRAY(0x90dc740)},
  series       = {[Host publication title missing]},
  title        = {Incentives to catalyse green building certifications for building construction},
  year         = {2013},
}