Weitere Artikel dieser Ausgabe durch Wischen aufrufen
The Abstract and PowerPoint presentation of an earlier version of this paper were listed on the website of the 32nd USAEE/IAEE North American Conference.
Improvements in overall sustainability include reductions in energy consumption. There remain significant yet largely unexploited opportunities to reduce energy consumption of commercial buildings. The investments required for green certification can help systematically improve the sustainability of the design of buildings. If the percentage of buildings with green certificates increases, sustainability of the overall building sector can be improved. In order to facilitate the diffusion of green commercial buildings, it is important to understand the patterns of the diffusion and the key factors influencing buildings’ decisions. Applying a spatial fraction logit model and an instrumental variable approach to data on commercial buildings for New York, Arizona, Colorado, and Florida, this paper demonstrates that there is strong spatial correlation in the diffusion of green building certificates. It also finds that the split-incentive problem between building owners and renters plays a role in the diffusion. The findings have important implications for policy makers. By analyzing the interactions of the green buildings and the characteristics of the green building clusters, the results are useful in the identification of buildings that are more likely to adopt green certificates.
Bitte loggen Sie sich ein, um Zugang zu diesem Inhalt zu erhalten
Sie möchten Zugang zu diesem Inhalt erhalten? Dann informieren Sie sich jetzt über unsere Produkte:
ACEEE (2013a). Property Assessed Clean Energy (PACE). http://aceee.org/sector/state-policy/toolkit/pace.
ACEEE (2013b). On-bill financing for energy efficiency improvements. http://aceee.org/sector/state-policy/toolkit/on-bill-financing.
Allen, J. H., & Potiwsky, T. (2008). Portland’s green building cluster: Economic trends and impacts. Economic Development Quarterly, 22(4), 303–315. CrossRef
Berry, S. (1994). Estimating discrete-choice models of product differentiation. Rand Journal of Economics, 25, 242–262. CrossRef
Bollinger, B., & Gillingham, K. (2012). Peer effects in the diffusion of solar photovoltaic panels. Marketing Science, 31(6), 900–912. CrossRef
Brounen, D., & Kok, N. (2010). On the economics of energy labels in the housing markets. Journal of Environmental Economics and Management, 1–14.
Christie, L., Donn, M., & Walton, D. (2011). The ‘apparent disconnect’ towards the adoption of energy efficient technologies. Building Research & Information, 39(5), 450–458. CrossRef
Cliff, A. D., & Ord, J. K. (1973). Spatial autocorrelation. London: Pion.
Cliff, A. D., & Ord, J. K. (1981). Spatial processes: Models and applications. London: Pion. MATH
DOE (2011). Buildings energy data book, Department of Energy. Available at http://buildingsdatabook.eren.doe.gov/default.aspx.
EIA (2011). Emissions of greenhouse gases in the U. S. Energy Information Administration, Report number: DOE/EIA-0573. Available at http://www.eia.gov/environment/emissions/ghg_report/ghg_carbon.cfm.
EIA (2012). Annual energy outlook 2012, Energy Information Administration, Department of Energy. Available at http://www.eia.gov/forecasts/aeo/pdf/0383%282012%29.pdf.
EIA (2013). Annual energy review 2013. Energy Information Administration, report. Available at http://www.eia.gov/totalenergy/data/annual/index.cfm.
Eichholtz, P., Kok, N., & Quigley, J. M. (2013). The economics of green building. The Review of Economics and Statistics 95(1), 50–63.
EPA (2014). U.S. Greenhouse gas inventory report. U.S. Environmental Protection Agency. Available at http://www.epa.gov/climatechange/Downloads/ghgemissions/US-GHG-Inventory-2014-Chapter-Executive-Summary.pdf.
Kok, E. N., & Quigley, J. M. (2011). Doing well by doing good? Green office buildings. American Economic Review, 100, 2492–2509.
Feng, Z., Ghosh, C., & Sirmans, C. F. (2007). On the capital structure of real estate investment trusts (REITs). The Journal of Real Estate Finance and Economics, 34(1), 81–105. CrossRef
Fuerst, F. & McAllister, P. (2011). Green noise or green value? Measuring the effects of environmental certification on office values. Real Estate Economics 39(1), 45–69.
Gau, G. W., & Wang, K. (1990). Capital structure decisions in real estate investment. Real Estate Economics, 18(4), 501–521. CrossRef
Hirst, E., & Brown, M. A. (1990). Closing the efficiency gap: Barriers to the efficient use of energy. Resources, Conservation and Recycling, 3(4), 267–281. CrossRef
Jaffe, A. B., & Stavins, R. N. (1994). The energy paradox and the diffusion of conservation technology. Resource and Energy Economics, 16, 91–122. CrossRef
Kahn, M.E., & Vaughn, R.K. (2009). Green market geography: The spatial clustering of hybrid vehicles and LEED registered buildings. The B.E. Journal of Economic Analysis & Policy 9.2 (2009).
Lefèvre, N., de T'Serclaes, P., & Waide, P. (2006). Barriers to technology diffusion: The case of compact fluorescent lamps. IEA report.
Miller, N. G., Pogue, D., Gough, Q. D., & David, S. M. (2009). Green buildings and productivity. Journal of Sustainable Real Estate, 1, 65–89.
Papke, L.E. & Wooldridge, J.M (1996). Econometric methods for fractional response variables with an application to 401(K) plan participation rates. Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 11(6), pages 619–32, Nov.-Dec.
Perkins, R., & Neumayer, E. (2010). Geographic variations in the early diffusion of corporate voluntary standards: Comparing ISO 14001 and the Global Compact. Environment and Planning A, 42(2), 347–365. CrossRef
Peterman, A., Kourula, A., & Levitt, R. (2012). A roadmap for navigating voluntary and mandated programs for building energy efficiency. Energy Policy, 43, 415–426. CrossRef
Philibert,C. (2006). Barriers to technology diffusion: The case of solar thermal technologies. IEA report.
Qiu, Y. (2014). Do energy efficient technologies still save energy after rebound effects? An econometric analysis of electricity demand in the commercial building sector. Environmental and Resource Economics. doi: 10.1007/s10640-013-9729-9.
Qiu, Y., & Wang, Y. (2014). Implied discount rate and payback threshold of energy efficiency investment in the industrial sector. Working paper.
Reddy, S., & Painuly, J. P. (2004). Diffusion of renewable energy technologies—Barriers and stakeholders’ perspectives. Renewable Energy, 29, 1431–1447. CrossRef
Schleich, J., & Gruber, E. (2008). Beyond case studies: Barriers to energy efficiency in commerce and the services sector. Energy Economics, 30(2), 449–464. CrossRef
Sorrell, S., Schleich, J., Scott, S., O’Malley, E., Trace, F., Boede, E., Ostertag, K., & Radgen, P. (2000). Reducing barriers to energy efficiency in public and private organizations.
USCB (2013). County business patterns: 2011 http://www.census.gov/econ/cbp/download/index.htm.
Viton, P. A. (2010). Notes on spatial econometric models. City and Regional Planning, 870(03), 9–10.
Wooldridge, J. (2002). Econometric analysis of cross section and panel data. MIT Press.
Yoshida, J., & Sugiura, A. (2011). Which greenness is valued? Evidence from green condominiums in Tokyo. Sustainable Property Research: http: //nilskok.typepad.com/files/presentation-yoshida.pdf.
- The diffusion of voluntary green building certification: a spatial approach
Yi David Wang
- Springer Netherlands