Monetary valuation of the environmental benefits of green building: A case study of China

Zhao, Chunqing; Liu, Mingjun; Wang, Ke

doi:10.1016/j.jclepro.2022.132704

Cited by 19 publications

(7 citation statements)

References 33 publications

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“…In 2012, the "Implementation Opinions on Accelerating the Development of Green Buildings" was issued by the Chinese government. They set a goal that 30% of new buildings should reach the standard of green buildings by 2020 [7]. The firsttier cities' governments have developed economic incentives to encourage the development of green buildings.…”

Section: Current Status Of Green Buildings In Chinamentioning

confidence: 99%

“…In 2013, the "green action plan" was officially started in China. In 2018, China built over 2.5 billion square meters of green buildings [7].…”

Section: Current Status Of Green Buildings In Chinamentioning

confidence: 99%

“…Ground greening saved the use of coal by 326.6 thousand tons and reduced the carbon emission by 747.4 thousand tons. It generated 447.9 thousand tonnes of oxygen [7].…”

Section: The Benefits Of Green Buildingsmentioning

confidence: 99%

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The Green Building Development and Assessment Method – Energy and Cost Analysis in China

Song¹

2023

HSET

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With the aggravation of global warming in the world, China is a country that produces a large amount of carbon dioxide every year. The development of green buildings is a primal aspect that the Chinese government has worked for many decades to build a healthy environment. This study explores three major Chinese green building assessment methods and compares the Evaluation Standard for Green buildings (three-star standard) with other countries’ representative assessment methods, which indicates that the three-star standard puts more attention on qualitative indicators. So, many buildings which receive that certification does not really have much sustainable equipment or save much energy. Also, this paper researches the status of green buildings in China. There are not many developers investing in green buildings, due to the price of green building construction is much more expensive than conventional buildings. That is because those green buildings equip many sustainable technologies and equipment. To encourage the construction of green buildings, the government can enact regulations and incentives to encourage more companies and developers to build green buildings.

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Section: Current Status Of Green Buildings In Chinamentioning

confidence: 99%

“…In 2013, the "green action plan" was officially started in China. In 2018, China built over 2.5 billion square meters of green buildings [7].…”

Section: Current Status Of Green Buildings In Chinamentioning

confidence: 99%

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The Green Building Development and Assessment Method – Energy and Cost Analysis in China

Song¹

2023

HSET

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“…Other tools, such as cost-benefit analysis (CBA), suffer from the same problem, either used individually [ 14 ] or in combination with MCDA [ 15 ]. Thus, despite all the studies and research, the values calculated for the different ecosystem services present significant discrepancies and variations between them [ 16 , 17 ].…”

Section: Introductionmentioning

confidence: 99%

Restoring Coal Mining-Affected Areas: The Missing Ecosystem Services

Krzemień

Fernández

et al. 2022

IJERPH

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Multi-criteria decision analysis and cost-benefit analysis, either individually or in combination, have been used as the preferred tools to develop ecosystem services valuation, presenting significant discrepancies and variations between the calculated values. To counteract this problem, a new framework was developed based on a hierarchical weighting of the non-provisioning ecosystem services, using biodiversity as the reference ecosystem service since it is the easiest to apprehend. Their monetisation was made using the average price of EU carbon dioxide emission allowances during 2019 and 2020, obtaining reasonable and comparable results in line with what was expected for the study region. However, the revised EU Emissions Trading System Directive, which will apply from 2021–2030, generated a price escalation of carbon allowances, making it necessary to adjust or rethink the proposed framework. To achieve this goal, the paper proposes the introduction of new vectors or “missing ecosystem services” to counterbalance efforts to eliminate carbon dioxide emissions without necessarily removing humans from the equation: welfare and human health. As the linkages regarding ecosystem health, ecological restoration and human health are not well known, only welfare was incorporated into the framework. The results were highly satisfactory, in line with what was expected for the study region and the ones obtained before the price escalation of carbon allowances that started in 2021.

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“…Moreover, the used values cover just a few effects, limiting the scope of the analysis. Along the same line, Zhao et al [10] pointed out that environmental benefits are typically evaluated using environmental indicators with different units and implications, so comparisons among various benefits are challenging to perform.…”

Section: Introductionmentioning

confidence: 99%

Valuation of Ecosystem Services Based on EU Carbon Allowances—Optimal Recovery for a Coal Mining Area

Krzemień

Fernández

et al. 2022

IJERPH

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This paper presents a new way of valuing ecosystem services based on the price of EU carbon dioxide emission allowances. Its main advantage is that it facilitates the monetisation of non-provisioning ecosystem services, which is the Achilles heel of current frameworks. The research approach is built on the notion that land rehabilitation and ecological restoration involve trade-offs between ecosystem services. A quantitative assessment (valuation) of these trade-offs is necessary to make sound decisions. However, using different valuation methods to estimate monetary values creates a non-comparability in the valuation process that is difficult to correct. To address this problem, in the first place, the propagation of imprecise preference statements in hierarchical weighting is proposed, avoiding the non-comparability caused by the different current approaches while reducing the effort of preference elicitation. In the second place, to achieve consistency, monetisation of all non-provisioning ecosystem services was carried on the above comparison and the monetary valuation of the attribute with the most direct and market-related valuation possible: carbon sequestration, using the EU Emissions Trading System. A former coal mining area exemplifies the valuation of ecosystem services provided by alternative ecological restoration scenarios. The aim is to estimate their contribution to human well-being, understand the incentives faced by decision makers to manage ecosystems in different ways and assess the values of alternative solutions. An exercise is then carried out to show that the price of EU carbon permits (as of December 2021) after the price escalation that coincides with phase 4 of the allocation of allowances under the EU Emissions Trading System can be estimated by prioritising biodiversity over other ecosystem services.

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Monetary valuation of the environmental benefits of green building: A case study of China

Cited by 19 publications

References 33 publications

The Green Building Development and Assessment Method – Energy and Cost Analysis in China

The Green Building Development and Assessment Method – Energy and Cost Analysis in China

Restoring Coal Mining-Affected Areas: The Missing Ecosystem Services

Valuation of Ecosystem Services Based on EU Carbon Allowances—Optimal Recovery for a Coal Mining Area

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