Turning green into gold: A review on the economics of green buildings

Zhang, L.; Wu, Jing; Liu, Hongyu

doi:10.1016/j.jclepro.2017.11.188

Cited by 184 publications

(137 citation statements)

References 91 publications

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“…According to the statistics, green buildings account for less than 0.4 of the total number of buildings in China [53]. The shortage of supply of green buildings by developers is due to the lack of willingness to develop green buildings in most of China [52,54,55]. Most developers in China do not choose green buildings as an investment because they have to consider factors such as risks of GBTS adoption, maintenance of construction projects and costs [56].…”

Section: Introductionmentioning

confidence: 99%

An Empirical Analysis of the Factors Affecting the Adoption and Diffusion of GBTS in the Construction Market

Wang

Zhang

et al. 2019

Sustainability

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This study focuses on better development of green buildings. The key to the sustainable development of the construction industry is to popularize and promote the spread of green building technologies (GBTS) in the construction market. This study integrates the technology acceptance model (TAM) and the innovation diffusion theory (IDT) to analyze and construct the theoretical model of developers’ GBTS adoption behavior from three dimensions, including the individual factor, product factor and interface factor. This paper discusses the mechanism of GBTS adoption and diffusion in the construction market. The data are collected by questionnaire, and the structural equation model (SEM) is used for empirical analysis. The results show that the developers’ perceived usefulness (PU) and perceived ease of use (PEOU) of GBTS, developers’ innovativeness and sense of community at the individual level, competitive advantage at the product level, as well as government structural guarantees and relevant stakeholders at the interface level have a significant positive impact on the adoption of GBTS by developers. It is proved that the model can explain the basic path of GBTS adoption by developers, and suggestions to promote the adoption and diffusion of GBTS in China are put forward.

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Section: Introductionmentioning

confidence: 99%

An Empirical Analysis of the Factors Affecting the Adoption and Diffusion of GBTS in the Construction Market

Wang

Zhang

et al. 2019

Sustainability

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“…Two recent reviews, covering a variety of geographies, building types, and rating systems, Refs. [16] and [17], reported that the majority of incremental costs for all levels of certification fall within the range of −0.4-21% and −0.4-11%, respectively. Large-sample statistical studies of new constructions, however, have reported narrower ranges.…”

Section: Costs and Benefits Of Green Building And Affordable Housingmentioning

confidence: 99%

Green Affordable Housing: Cost-Benefit Analysis for Zoning Incentives

2019

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In the year 2017, about 89% of the total energy consumed in the US was produced using non-renewable energy sources, and about 43% of tenant households were cost burdened. Local governments are in a unique position to facilitate green affordable housing, that could reduce cost burdens, environmental degradation, and environmental injustice. Nonetheless, limited studies have made progress on the costs and benefits of green affordable housing, to guide decision-making, particularly in small communities. This study investigates density bonus options for green affordable housing by analyzing construction costs, transaction prices, and spillover effects of green certifications and affordable housing units. The authors employ pooled cross-sectional construction cost and price data from 422 Low-Income Housing Tax Credit (LIHTC) projects and 11,016 Multiple Listing Service (MLS) transactions in Virginia. Using hedonic regression analyses controlling for mediating factors, the study finds that the new construction of market-rate green certified houses is associated with small upfront costs, but large and statistically significant price premiums. In addition, the construction of market-rate green certified houses has large and statistically significant spillover effects on existing non-certified houses. Existing non-certified affordable housing units show small and often insignificant negative price impacts on the transaction prices of surrounding properties. The study concludes that the magnitude of social benefits associated with green building justifies the local provision of voluntary programs for green affordable housing, where housing is expensive relative to its basic cost of production.

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“…Given the scope of GBE, the searching strategy comprises two steps: firstly, "green building" and its synonyms is used for searching publications related to green building by referring to earlier review studies [2,[8][9][10]49]. Secondly, "economic", "benefit", and "cost" are identified as the primary keywords for narrowing the topic related to economic area.…”

Section: Data Collectionmentioning

confidence: 99%

“…Existing GBE reviews conducted by manual appraisals (e.g., [8][9][10]), are limited for providing a "trees" picture of a specific research topic and are unable to generate a systematic view of the proverbial "forest". For example, Russ et al's (2018) study was conducted by examining the cost premium involved [9], while Zhang et al (2018) examine economic viability from different perspectives [10]; they both carefully examined their specific areas but were unable to provide a linkage with other topics. Besides, manual reviews are criticized for their lack of reproducibility, systemanticness, and subjective biases [11].…”

Section: Introductionmentioning

confidence: 99%

Mapping Knowledge in the Economic Areas of Green Building Using Scientometric Analysis

Xue

Skitmore

et al. 2019

Energies

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This paper presents the first inclusive scientometric review of the economic areas of green building (GBE). The aim is to methodically examine and summarize the state-of-the-art of the GBE body of knowledge. To this end, this study analyses 1713 GBE-related bibliographic records retrieved from the Web of Science by using the quantitative method of knowledge mapping. The knowledge base, knowledge domain, and knowledge evolution of how they interacted with each other are explored using document co-citation analysis and keywords co-citation analysis of the existing body of literature. The research findings are informative in recognizing and interpreting the underlying structure and trends in GBE. A knowledge map provides a valuable and instructive understanding of the evolution and status quo of the GBE knowledge body, as well as assisting in recognizing the gaps and deficiencies involved. The results will help in understanding how GBE knowledge is evolving and its role played in green building, and thus provide suggestions of how academic research can enhance sustainability practices in terms of economic area in the future.

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Turning green into gold: A review on the economics of green buildings

Cited by 184 publications

References 91 publications

An Empirical Analysis of the Factors Affecting the Adoption and Diffusion of GBTS in the Construction Market

An Empirical Analysis of the Factors Affecting the Adoption and Diffusion of GBTS in the Construction Market

Green Affordable Housing: Cost-Benefit Analysis for Zoning Incentives

Mapping Knowledge in the Economic Areas of Green Building Using Scientometric Analysis

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