Opting for a Green Certificate: The Impact of Local Attitudes and Economic Conditions

Dippold, Tobias; Mutl, Jan; Zietz, Joachim

doi:10.1080/10835547.2014.12091405

Cited by 25 publications

(4 citation statements)

References 29 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…To account for regional effects, binary variables are created for East England (EE), East Midlands (EM), West Midlands (WM), South East (SE), South West (SW), North East (NE), North West (NW), and Yorkshire and the Humber (YH), with East Midlands (EM) serving as the reference group. Green building practices, such as eco-certification, are influenced by attitudes prevalent in specific markets [54]. To examine whether this statement holds true in the U.K commercial real estate market, we conducted parametric t-tests with unequal variances for these variables.…”

Section: Datamentioning

confidence: 99%

The Economic Value of End of Trip Facilities for Cyclist Commuter in an Office Building

2024

Preprint

View full text Add to dashboard Cite

The benefits of cycling as a sustainable transportation mode are widely recognized. Cycling to work offers numerous advantages for individuals, employers, the environment, and society, ranging from improved physical health, wellbeing, and productivity to enhanced public health and reduced carbon emissions. Many governments around the world have implemented various policy measures, interventions, and initiatives to promote cycling. Some cities and towns have encouraged workplaces to provide bike-friendly amenities, such as secure bike parking/storage and shower and changing facility (referred to as end-of-trip facilities), to accommodate cyclists and motivate more employees to embrace sustainable transportation options. However, the presence or absence of such amenities has been found to both positively influence cycling behavior or deter some individuals from cycling to work. Despite the desirability of these amenities, the number of office buildings equipped with bike storage and shower/changing facility remains small, and their economic value is not well understood. In this paper, we aim to investigate whether the presence of cycling-supportive facilities could add value to office buildings. Specifically, we conduct a study using data from office buildings across England as of the end of 2021. We employ hedonic techniques to examine whether office buildings with bike storage and/or shower facility command a rent premium and whether the existence of a rent premium for bike storage and/or shower facility vary by location and across regions in England, independently from any premium associated with BREEM certification. We find that the buildings with bike storage and shower facility secure rent premiums respectively. The level of rent premiums varies with location and regions. The variations of premium are driven by the shortage of the supply of these facilities.

show abstract

Section: Datamentioning

confidence: 99%

The Economic Value of End of Trip Facilities for Cyclist Commuter in an Office Building

2024

Preprint

View full text Add to dashboard Cite

show abstract

“…Dippold et al also confirmed the impact of education level on environmental awareness. In addition, the political preferences of the Democratic Party also have a positive impact on environmental awareness [10].…”

Section: Literature Reviewmentioning

confidence: 99%

Green Housing Subsidy Strategies Considering Consumers’ Green Preference

Ren

2022

Sustainability

View full text Add to dashboard Cite

In order to address the environmental impact of building carbon emissions, some developed countries have established certification standards for green housing. However, in many other countries, the green housing and the traditional housing may coexist in the market, and consumers’ willingness to buy the green housing can be different. This paper constructs a duopoly game model that includes a green developer and a traditional developer considering the heterogeneity of consumers’ green preferences and studies how mandatory green standards and subsidies affect the green developer’s pricing decision, profits and the carbon emission reductions of the green housing. The results show that when the marginal cost of green technology is high, raising green standards will hurt the green developer’s profits. Therefore, fiscal subsidies should be considered. The green developer obtains higher profits when subsidizing green consumers. The effectiveness of increasing carbon emission reduction is better when subsidizing the green developer and how to subsidize depends on the cost structure of the green housing. In addition, subsidizing green consumers and the incremental cost of green housing can improve the policy effect of green housing standards. Therefore, a mixed policy of subsidies and green standards can also have a good effect.

show abstract

“…A 10% premium was an equivalent of, at least, $40,000 in the median new house price in the first half of the year 2021 in the U.S., where the federal minimum wage for blue-collar jobs remained at only $7.25/hr for the years to come. In this situation, real estate investors' confidence in the ability to recover upfront costs through sales or rent premiums would significantly increase by favorable market conditions (e.g., high property values, high energy prices, low vacancy rates, and low days on market), supportive political regulations and incentives, and the presence of higher-income, college-educated professionals whose environmental desires would align with green-certified units [34].…”

Section: 2could Green Buildings Incite Gentrification?mentioning

confidence: 99%

Green Housing or Green Gentrification?

Yeganeh¹,

McCoy²,

Agee³

et al. 2021

Preprint

View full text Add to dashboard Cite

Research on green-certified buildings has often been focused on the benefits of green standards, such as energy efficiency, smart growth, resource conservation, and health protection. Recent studies suggest the adoption of a reductionist sustainability planning language can turn green-certified houses into luxury goods, attracting White, prime-age, college-educated households with some pro-environmental attitudes who replace existing long-term, lower-income residents in core urban areas. While many factors may work together in driving neighborhood change and gentrification in cities, the question this study aims to address is to what extent the supply of green-certified units can affect neighborhood change and gentrification? We use Central Virginia’s Multiple Listing Service (MLS) housing market transactions data and the U.S. Census Bureau’s socioeconomic data to present the differential effect of new construction of market-rate, green-certified units in a natural experiment using difference-in-differences estimates. We find that neighborhoods that include new, green-certified units have experienced a statistically significant increase in population, supporting new construction and positively affecting house prices. We also detect some negative effects on minorities and minority owners, but these effects have not yet reached statistical significance. This study finds strong evidence of green housing providing the conditions that make areas ripe for gentrification, but more studies should follow up to better measure and generalize this finding.

show abstract

Opting for a Green Certificate: The Impact of Local Attitudes and Economic Conditions

Cited by 25 publications

References 29 publications

The Economic Value of End of Trip Facilities for Cyclist Commuter in an Office Building

The Economic Value of End of Trip Facilities for Cyclist Commuter in an Office Building

Green Housing Subsidy Strategies Considering Consumers’ Green Preference

Green Housing or Green Gentrification?

Contact Info

Product

Resources

About