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Exergy is important and relevant in many areas of study such as Life Cycle Assessment (LCA), sustainability, energy systems, and the built environment. With the growing interest in the study of LCA due to the awareness of global environmental impacts, studies have been conducted on exergetic life cycle assessment for resource accounting. The aim of this paper is to review existing studies on exergetic life cycle assessment to investigate the state-of-the-art and identify the benefits and opportunity for improvement. The methodology used entailed an in-depth literature review, which involved an analysis of journal articles collected through a search of databases such as Web of Science Core Collection, Scopus, and Google Scholar. The selected articles were reviewed and analyzed, and the findings are presented in this paper. The following key conclusions were reached: (a) exergy-based methods provide an improved measure of sustainability, (b) there is an opportunity for a more comprehensive approach to exergetic life cycle assessment that includes life cycle emission, (c) a new terminology is required to describe the combination of exergy of life cycle resource use and exergy of life cycle emissions, and (d) improved exergetic life cycle assessment has the potential to solve characterization and valuation problems in the LCA methodology.

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The relevance of exergy to the life cycle assessment (LCA) of buildings has been studied regarding its potential to solve certain challenges in LCA, such as the characterization and valuation, accuracy of resource use, and interpretation and comparison of results. However, this potential has not been properly investigated using case studies. This study develops an exergy-based LCA method and applies it to three case-study buildings to explore its benefits. The results provide evidence that the theoretical benefits of exergy-based LCA as against a conventional LCA can be achieved. These include characterization and valuation benefits, accuracy, and enabling the comparison of environmental impacts. With the results of the exergy-based LCA method in standard metrics, there is now a mechanism for the competitive benchmarking of building sustainability assessments. It is concluded that the exergy-based life cycle assessment method has the potential to solve the characterization and valuation problems in the conventional life-cycle assessment of buildings, with local and global significance.