Exploring key risks of energy retrofit of residential buildings in China with transaction cost considerations

Jia, Ling; Qian, Queena K.; Meijer, F.M.; Visscher, Henk

doi:10.1016/j.jclepro.2021.126099

Cited by 28 publications

(19 citation statements)

References 53 publications

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“…Energy efficiency renovations can contribute significantly to reducing energy consumption and achieving the EU and national energy efficiency targets [23]. EER of residential buildings is a key measure in the contribution of energy conservation and improves the life quality level of people as well [24]. Retrofitting approaches have to emphasize technical-material changes in order to focus equally on researching and potentially changing the energy-related purposes and actual activities of the occupants of ERBs.…”

Section: Types Of the Eer And The Systemsmentioning

confidence: 99%

Analysis of Occupant Behaviours in Energy Efficiency Retrofitting Projects

Nia

Qian

Visscher

2022

Land

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This review of studies into Energy Efficiency Retrofitting (EER) has shown the practice of EER to be a key factor in sustainability regeneration. Thus, the retrofitting practice itself (the way it is organised) has received increasing attention from both practitioners and researchers, and studies are now addressing some issues that are affecting the retrofit level of achievement. Most of the risks which lead to low retrofit development are related to owners. This paper aims highlight the role of the occupants in achieving the goals of EER. It is found that: a) the early involvement of occupants in the design and construction stage, b) mutual engagement, and c) an integral approach that involves the occupants are the key to motivate EER decisions from these same occupants. It follows that this involvement, including the demographic characteristics of the occupants, such as their culture, habits, preferences, awareness towards energy saving and socio-economic factors, are indeed effective in influencing the energy-related behaviours of these occupants. Moreover, other factors, such as space-heating behaviour, presence/absence of the occupants, control level of the equipment and window, and lighting control behaviour, are all effective factors in the energy performance of the buildings. Hence, socio-technical advancements, co-design processes and effective energy efficiency policies are recommended strategies to: a) improve occupants’ behaviours; and b) increase their participation in EER projects.

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Section: Types Of the Eer And The Systemsmentioning

confidence: 99%

Analysis of Occupant Behaviours in Energy Efficiency Retrofitting Projects

Nia

Qian

Visscher

2022

Land

Self Cite

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“…Energy retrofitting of residential properties has been recognised as an essential measure to save energy, reduce emissions, and improve people's quality of life. To ensure efficient risk management, it is essential to understand the major risks throughout the entire process of upgrading projects and their stakeholders (Jia et al, 2021). Risk management is regarded as an important area of project management (PM).…”

Section: Constructionmentioning

confidence: 99%

Untitled

2022

SPSUTOM

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“…Prohibitively high transaction costs tend to inhibit collective actions [36,37]. "Transaction cost" has been discussed and measured in numerous studies on public policies to promote green buildings [7,8,10,38]. It is the main idea of these works that certain types of TCs would occur with different stakeholders in the process of development, certification, and management of the green construction project, and these TCs would undermine the policy's effectiveness and implementation efficiency.…”

Section: A Transaction Cost (Tc) and Agency Perspectives Towards Building Energy Retrofitsmentioning

confidence: 99%

Transaction Cost and Agency Perspectives on Eco-Certification of Existing Buildings: A Study of Hong Kong

Yau¹,

Hou

Yip

et al. 2021

Energies

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Eco-certification schemes are usually launched with various incentives provided by local governments to facilitate green building development and building energy retrofits. A number of barriers to building energy retrofitting have been identified in previous literature, while the barriers to the eco-certification of existing buildings are under-researched. Drawing on a set of building data retrievable from the BEAM Society and other sources, we carried out an analysis and found the building energy retrofitting, as well as the certification process, were unwelcomed in multi-owned residential buildings. The identified shortfall is put forward from the perspectives of transaction cost theory and agency theory. The findings reveal that high transaction costs incurred during negotiations and coordination among a large number of co-owners within a typical apartment building can outweigh the benefits of retrofitting and eco-certification. Besides, the remuneration structure of third-party property management agents discourages agents from facilitating co-owners to initiate retrofitting. This study provides significant implications for policymakers to understand the concerns of building owners and managers over the decisions and the processes of both the building energy retrofits and eco-certification. The problems and barriers unveiled in this study will facilitate the refining of current energy efficiency policies and related incentives designs.

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Exploring key risks of energy retrofit of residential buildings in China with transaction cost considerations

Cited by 28 publications

References 53 publications

Analysis of Occupant Behaviours in Energy Efficiency Retrofitting Projects

Analysis of Occupant Behaviours in Energy Efficiency Retrofitting Projects

Untitled

Transaction Cost and Agency Perspectives on Eco-Certification of Existing Buildings: A Study of Hong Kong

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