Regulatory incentives for green buildings: gross floor area concessions

Qian, Queena K.; Fan, Kefeng; Chan, Edwin H.W.

doi:10.1080/09613218.2016.1181874

Cited by 68 publications

(47 citation statements)

References 45 publications

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“…Incentive policies are considered as the most important strategy for the advancement of GBTs adoption. This finding confirms the viewpoints of various researchers [30][31][32] that incentive schemes are very crucial for the promotion of green building developments. Financial incentives provide a valuable economic support for the industry, particularly individual stakeholders or firms, in the adoption process of GBTs which usually involves higher investment than adopting traditional building technologies.…”

Section: Analysis Results and Discussionsupporting

confidence: 80%

“…There is consensus in the literature that these rating systems and labeling programs are instrumental in furthering the use of GBTs and practices [26][27][28][29]. Scholars have also argued that financial and regulatory incentive schemes are of great importance to the successful adoption of GBTs and practices [30][31][32][33]. Häkkinen and Belloni [34] further claimed that developing the awareness of clients about the benefits of green buildings is one of the most essential actions to encourage green building.…”

Section: Literature Reviewmentioning

confidence: 99%

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Strategies for Promoting Green Building Technologies Adoption in the Construction Industry—An International Study

2017

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Abstract:Because green building technologies (GBTs) adoption is a promising way of ameliorating the sustainability performance of buildings, GBTs are receiving increased interest in the global construction community. The barriers to the adoption of GBTs, such as higher cost and lack of awareness, further indicate that proper strategies need to be devised for promoting the wider adoption of GBTs in buildings development. However, there exist limited empirical studies identifying the strategies for promoting GBTs adoption in the construction industry. This study aims to identify the strategies that are important for promoting GBTs adoption in construction. After a comprehensive literature review to identify strategies for the promotion of GBTs adoption, empirical data were gleaned through a questionnaire survey with 104 green building experts around the world. The analysis results validated the importance of all of the 12 promotion strategies used for the study. Green building experts from different countries and with different backgrounds had significant agreement on the relative importance ranking of the promotion strategies. Furthermore, "financial and further market-based incentives for GBTs adopters", "availability of better information on cost and benefits of GBTs", "mandatory governmental policies and regulations", and "green rating and labeling" were identified as the top four important promotion strategies. The research findings provide a valuable reference to assist practitioners and policy makers in developing practical strategies for promoting GBTs adoption to eventually achieve the sustainable development of buildings. From the perspective of international experts, this study adds to the green building literature by offering empirical evidence of the important strategies for promoting GBTs adoption in the construction industry. Future research will investigate the interrelationships among the promotion strategies and their impacts on the GBTs adoption process.

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Section: Analysis Results and Discussionsupporting

confidence: 80%

Section: Literature Reviewmentioning

confidence: 99%

Strategies for Promoting Green Building Technologies Adoption in the Construction Industry—An International Study

2017

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“…The framework of costs and benefits in this study expands the ones in previous research from Qian et al [44] and Fan et al [14] by adding more data through an extra 10-20 expert interviews. The initial framework of costs and hidden benefits were built using a literature review, same as the ones in Qian et al [44], shown in Table 2.…”

Section: Initial Framework Of Costs and Benefitssupporting

confidence: 48%

“…The prescribed building features are tailored for the specific built environment in Hong Kong to address the urgent city problems [59]. To some extent, it is mandatory to integrate the features in order to apply for the GFA concession [44]. For the Hong Kong government, few construction costs of these building features could improve the built environment.…”

Section: Gfa Concession Scheme In Hong Kongmentioning

confidence: 99%

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Costs and Benefits of Implementing Green Building Economic Incentives: Case Study of a Gross Floor Area Concession Scheme in Hong Kong

Fan,

Chan,

Chau

2018

Sustainability

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Economic incentives are widely used to promote green buildings (GB) and consume social resources. However, few studies evaluate the costs and benefits of implementing economic incentives, including hidden costs and benefits. This paper applies cost-benefits analysis (CBA) and transaction cost (TC) theory to systematically evaluate the costs and benefits of implementing the green building economic incentives, with focused study on the Gross Floor Area (GFA) Concession Scheme in Hong Kong. The data of costs and benefits indicate how the GFA Concession Scheme motivates stakeholders and how much it benefits the built environment, which provides a solid foundation for the improvement of the GFA Concession Scheme. Expert interviews were conducted to verify and compliment the new CBA framework and provide empirical evidence for policy-makers and researchers to better understand the allocation of costs and benefits. The results show that the effectiveness of the GFA Concession Scheme is readily justified even if it has caused a lot of extra transaction costs and actual costs. A 10% GFA concession attracts developers to enter the GB market but discourages them to go for a higher level of GB. It is the right time to differentiate the GFA concession to promote a higher level of GB.

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A data‐driven modeling and analysis approach to test the resilience of green buildings to uncertainty in operation patterns

Alkaabi

Cho

Mayyas

et al. 2020

Energy Science & Engineering

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Economic development, population growth, and urbanization are putting increasing pressures on critical resources, such as food, water, and electricity. 1,2 The rapid population growth and urban development are often accompanied by continual increases in CO 2 emissions, 70 percent of which are coming from cities. 3 In countries with extreme climate conditions, the demand for resources, particularly energy, is intensified. 4 For instance, the United Arab Emirates (UAE) is often ranked among the top 10 countries with the highest electricity consumption per capita (MWh/person) in the world. 5,6 When comparing different sectors of the economy, the building sector often carries the highest weight in terms of energy consumption and associated CO 2 emissions. In most developed countries, the building sector accounts for 30 to 40

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Regulatory incentives for green buildings: gross floor area concessions

Cited by 68 publications

References 45 publications

Strategies for Promoting Green Building Technologies Adoption in the Construction Industry—An International Study

Strategies for Promoting Green Building Technologies Adoption in the Construction Industry—An International Study

Costs and Benefits of Implementing Green Building Economic Incentives: Case Study of a Gross Floor Area Concession Scheme in Hong Kong

A data‐driven modeling and analysis approach to test the resilience of green buildings to uncertainty in operation patterns

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