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Popescu, Daniela ; Bienert, Sven ; Schützenhofer, Christian ; Boazu, Rodica

Impact of energy efficiency measures on the economic value of buildings

Popescu, Daniela, Bienert, Sven, Schützenhofer, Christian und Boazu, Rodica (2011) Impact of energy efficiency measures on the economic value of buildings. Applied Energy.

Veröffentlichungsdatum dieses Volltextes: 09 Sep 2011 14:23
Artikel
DOI zum Zitieren dieses Dokuments: 10.5283/epub.22092


Zusammenfassung

A main objective of energy policies is to make all levels of the society, from governments to citizen, interested in increasing the energy efficiency of buildings. One of the most important barriers in implementation of energy policies is that the cost of potential energy savings, typically considered being the only financial benefit, does not sufficiently motivate investments. The target is ...

A main objective of energy policies is to make all levels of the society, from governments to citizen, interested in increasing the energy efficiency of buildings. One of the most important barriers in implementation of energy policies is that the cost of potential energy savings, typically considered being the only financial benefit, does not sufficiently motivate investments. The target is therefore to identify further possible drivers pushing positive reaction according to energy saving action. The paper discusses whether a market-based instrument, capturing the increase of the economic value of energy efficient buildings, can be also used. Methods that quantify the added value due to energy performance, including recommendations on how they can be incorporated in the financial analysis of investments in weatherization, are developed. By applying the proposed methods, the payback period of investments in energy efficiency measures depends on two factors: potential energy savings and the added value to the property. Case studies on some existing condominiums from Romania are analyzed and provide evidence to the research question. The market sensitivity to energy efficiency measures, the possibility of an intangible added value as well as the impact to financial investment decisions is subsequently in the focus.



Beteiligte Einrichtungen


Details

DokumentenartArtikel
Titel eines Journals oder einer ZeitschriftApplied Energy
Verlag:Elsevier
Datum2011
InstitutionenWirtschaftswissenschaften > Institut für Immobilienenwirtschaft / IRE|BS > Kompetenzzentrum für Nachhaltigkeit in der Immobilienwirtschaft (Prof. Dr. Sven Bienert)
ThemenverbundImmobilien- und Kapitalmärkte
Stichwörter / KeywordsEnergy Policy, Energy efficiency measures, Sustainable buildings, Energy costs, Financial analysis, Property value
Dewey-Dezimal-Klassifikation300 Sozialwissenschaften > 330 Wirtschaft
StatusVeröffentlicht
BegutachtetJa, diese Version wurde begutachtet
An der Universität Regensburg entstandenZum Teil
Dokumenten-ID22092

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