On the study of the credit-weighting scale in a building environmental assessment scheme

Wai Ling Lee, Chi Kwan Chau, F. W.H. Yik, J. Burnett, M. S. Tse

Research output: Journal article publicationJournal articleAcademic researchpeer-review

50 Citations (Scopus)

Abstract

A major strength of the voluntary building environmental assessment method is to encourage good environmental practice beyond the current industry practice. For a successful voluntary scheme, the credit scale must be attractive to investors and performance-based criteria should be used. However, most of the current schemes use a combination of prescriptive and performance-based criteria, and credits are allocated using subjective judgement, irrespective of cost and practical implications of attaining improved performances. This is pointed to the need to establish an incentive-crediting scheme, which is oriented towards performance-based scales having credits linked to cost and performance. In formulating the incentive-crediting scheme, the cost effectiveness of different energy-saving level in a base building is investigated under the premise that the investors would pursue a strategy in the most cost-effective manner. This paper presents a conceptual framework for policy makers to formulate an incentive-crediting scale for accrediting criteria within the greenhouse gas objectives of a building environmental assessment scheme in Hong Kong, aiming to attract participation of the profit-maximising investors. Establishment of an incentive-crediting scale starts from developing a carbon dioxide abatement curve for greenhouse gas emission. This is subsequently followed by dividing the maximum energy-saving potential into ten equal energy reduction intervals. The incentive-crediting scheme is formulated on a basis that proportionally more credits would be rewarded for diminishing investment return of consecutive reduction levels in a base building.
Original languageEnglish
Pages (from-to)1385-1396
Number of pages12
JournalBuilding and Environment
Volume37
Issue number12
DOIs
Publication statusPublished - 1 Dec 2002

Keywords

  • Carbon dioxide emission
  • Environmental assessment method
  • Least cost planning
  • Weighting scale

ASJC Scopus subject areas

  • Environmental Engineering
  • Civil and Structural Engineering
  • Geography, Planning and Development
  • Building and Construction

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