The Economics of Green Building

The Economics of Green Building / Piet Eichholtz, Nils Kok, and John M. Quigley, UC Center for Energy and Environmental Economics, Jan. 2011, 37 p. (E3 WP-002)

http://www.uce3.berkeley.edu/WP_002.pdf

Research on climate change suggests that small improvements in the “sustainability” of buildings can have large effects on greenhouse gas emissions and on energy efficiency in the economy. This paper analyzes the economics of “green” building. First, we analyze a panel of office buildings “certified” by independent rating agencies, finding that large recent increases in the supply of green buildings and the unprecedented volatility in property markets have not significantly affected the relative returns to green buildings. Second, we analyze a large cross section of office buildings, demonstrating that economic premiums in rent and asset value are substantial. Third, we relate the economic premiums for green buildings to their sustainability, confirming that the attributes rated for both thermal efficiency and sustainability contribute to premiums in rents and asset values. Even among green buildings, increased energy efficiency is fully capitalized into rents and asset values. (© UCE3)



Citer ce billet
Danièle Revel (2011, 19 janvier). The Economics of Green Building. Veille énergie climat. Consulté le 12 avril 2024, à l’adresse https://energieclimat.hypotheses.org/400

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