An ESCO Business Model Using CER for Buildings’ Energy Retrofit

Yi, Hyein; Lee, Sanghyo; Kim, Jae-Jun

doi:10.3390/su9040591

Cited by 7 publications

(4 citation statements)

References 33 publications

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“…The design of BMs for sustainability—meaning the development of sustainable BM—is another interesting field of research for the scope of this paper (e.g., Asif, Lieder, & Rashid, 2016; Bocken, Boons, & Baldassarre, 2019; Hahn, Spieth, & Ince, 2018; Kurucz, Colbert, Luedeke‐Freund, Upward, & Willard, 2017; Stubbs & Cocklin, 2008; Tolkamp, Huijben, Mourik, Verbong, & Bouwknegt, 2018; Yi, Lee, & Kim, 2017). Some authors focused on life cycle analysis (LCA) to evaluate negative environmental burdens of business activities and suggested the design of sustainable BMs (Scheepens, Vogtländer, & Brezet, 2016).…”

Section: Resultsmentioning

confidence: 99%

Business models for environmental sustainability: Contemporary shortcomings and some perspectives

Giacomo

Bleischwitz

2020

Bus Strat Env

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Recently, business models for environmental sustainability have gained increasing attention in the management field and among practitioners and stakeholders. This study aims to analyse the state of the art on the topic by reviewing the growing but mainly phenomenon-driven research. In particular, by identifying main research trends and relevant gaps in the literature and by providing future research avenues, this paper advances the debate on the need for alternative concepts of doing business that go beyond the creation of economic value for a company in a way that generates value for the society. Our article undertakes two stages of screening the available literature and selects 151 peer-reviewed articles published between 2007 and early 2019 for the review. The paper provides the first comprehensive systematic review of business models in the field of environmental sustainability with a detailed descriptive and critical analysis and with a discussion of future research opportunities.

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Section: Resultsmentioning

confidence: 99%

Business models for environmental sustainability: Contemporary shortcomings and some perspectives

Giacomo

Bleischwitz

2020

Bus Strat Env

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“…The construction cost for a reference building refers to costs for simple insulation, windows and doors, and machine equipment, but no added costs for green building technology. Carbon economic efficiency has a structure similar to that of tax increment financing projects, a conventional green building financing method often used for energy service company (ESCO) projects [57,58]. However, carbon economic efficiency considers not only energy reduction benefits during the service life of the building (which is considered by conventional projects), but also carbon emission trading profits resulting from carbon emission reduction.…”

Section: Carbon Economic Indexmentioning

confidence: 99%

Developing a Green Building Index (GBI) Certification System to Effectively Reduce Carbon Emissions in South Korea’s Building Industry

2018

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The building industry is currently strengthening the building life cycle assessment (LCA) criteria of the green building certification system to encourage carbon emission reduction. However, the voluntary approach of the LCA criteria does not provide sufficient incentive to effectively drive green building construction. Furthermore, additional costs associated with green building construction are not given enough weightage, thus hampering the incorporation of green building technologies. This study developed a Green Building Index (GBI) Certification System to effectively reduce carbon emissions in South Korea's building industry. Consequently, the assessment areas for green buildings were divided into a carbon emission index, a building habitability index, and a carbon economic index, and assessment methods were suggested for each area. In addition, eco-efficiency, which represents an environmental value, was incorporated into the three indices from the perspective of green building certification and used to estimate a GBI that represents overall building sustainability. This GBI was then integrated into an overall GBI Certification System, and a case study was used to evaluate its applicability. The results indicate the validity of the proposed GBI Certification System, which promotes voluntary carbon emission reduction by evaluating cost effectiveness based on life cycle carbon emissions and carbon economic efficiency.

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“…Hence, the recommendation is to stop the measure deployment at this point, resulting in a total property investment of 4424 €/dwelling and total annual savings of 581 €/dwelling, which means an overall payback of 7.6 years. The kind of actions under the property's responsibility can be easily deployed by means of an ESCO business model as illustrated by Yi et al [46]. On the other hand, measure OS4, sensitizing occupants through workshops, is a necessary measure to enable the resident's awareness and involvement in the energy vulnerability mitigation [47].…”

Section: Prioritization Criteria For Ee Actionsmentioning

confidence: 99%

Analysis of Energy Efficiency Measures and Retrofitting Solutions for Social Housing Buildings in Spain as a Way to Mitigate Energy Poverty

et al. 2017

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Energy poverty is a common issue in social housing all over Europe, with a harder impact in Southern European countries. Social housing buildings play an important role in energy poverty. They are usually owned and managed by public institutions and usually share common characteristics and issues. Behavioural changes and energy retrofitting are interesting paths forward but some solutions do not fit well in this type of housing due to socioeconomic reasons. This paper makes a thorough analysis of possible energy efficiency measures in social housing buildings, characterizing them by energy and economic savings and investment and proposing different methods of prioritization. A rational approach of behavioural and retrofitting solutions that best fit into this particular housing type is delivered, with the aim to increase the thermal comfort of the residents and mitigate the energy poverty issue. Results show that there is a wide range of domestic efficiency measures to be applied in this type of dwellings at none or low costs, bringing annual savings per average dwelling of about 510 €/year (55% of initial energy costs) including measures both at domestic level, and at building level with a final aggregated payback of the investments to be about 1.5 years.

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An ESCO Business Model Using CER for Buildings’ Energy Retrofit

Cited by 7 publications

References 33 publications

Business models for environmental sustainability: Contemporary shortcomings and some perspectives

Business models for environmental sustainability: Contemporary shortcomings and some perspectives

Developing a Green Building Index (GBI) Certification System to Effectively Reduce Carbon Emissions in South Korea’s Building Industry

Analysis of Energy Efficiency Measures and Retrofitting Solutions for Social Housing Buildings in Spain as a Way to Mitigate Energy Poverty

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