IDEAS home Printed from https://ideas.repec.org/a/eee/enepol/v37y2009i7p2582-2593.html
   My bibliography  Save this article

Market influence on the low carbon energy refurbishment of existing multi-residential buildings

Author

Listed:
  • Atkinson, Jonathan G.B.
  • Jackson, Tim
  • Mullings-Smith, Elizabeth

Abstract

This paper explores the relationship between the energy market; the political and regulatory context; and energy design decisions for existing multi-residential buildings, to determine what form the energy market landscape would take if tailored to encourage low carbon solutions. The links between market dynamics, Government strategies, and building designs are mapped to understand the steps that achieve carbon reduction from building operation. This is achieved using a model that takes financial and energy components with market and design variables to provide net present cost and annual carbon outputs. The financial component applies discounted cash flow analysis over the building lifespan, with discount rates reflecting contractual characteristics; the carbon component uses Standard Assessment Procedure (SAP) 2005. A scenario approach is adopted to test alternative strategies selected to encourage low carbon solutions in two residential and two office designs. The results show that the forward assumption of energy price escalation is the most influential factor on energy investment, together with the expected differentiation between the escalation of gas and electricity prices. Using this, and other influencing factors, the research reveals trends and strategies that will achieve mainstream application of energy efficiency and microgeneration technologies, and reduce carbon emissions in the existing multi-residential sector.

Suggested Citation

  • Atkinson, Jonathan G.B. & Jackson, Tim & Mullings-Smith, Elizabeth, 2009. "Market influence on the low carbon energy refurbishment of existing multi-residential buildings," Energy Policy, Elsevier, vol. 37(7), pages 2582-2593, July.
    • Handle: RePEc:eee:enepol:v:37:y:2009:i:7:p:2582-2593
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301-4215(09)00091-3
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Fuchs, Doris A. & Arentsen, Maarten J., 2002. "Green electricity in the market place: the policy challenge," Energy Policy, Elsevier, vol. 30(6), pages 525-538, May.
    2. Ekins, Paul, 1994. "The impact of carbon taxation on the UK economy," Energy Policy, Elsevier, vol. 22(7), pages 571-579, July.
    3. Thompson, Philip B, 1997. "Evaluating energy efficiency investments: accounting for risk in the discounting process," Energy Policy, Elsevier, vol. 25(12), pages 989-996, October.
    4. Helm, Dieter, 2004. "Energy, the State, and the Market: British Energy Policy since 1979," OUP Catalogue, Oxford University Press, number 9780199270743.
    5. Dresner, Simon & Jackson, Tim & Gilbert, Nigel, 2006. "History and social responses to environmental tax reform in the United Kingdom," Energy Policy, Elsevier, vol. 34(8), pages 930-939, May.
    6. Johnston, D. & Lowe, R. & Bell, M., 2005. "An exploration of the technical feasibility of achieving CO2 emission reductions in excess of 60% within the UK housing stock by the year 2050," Energy Policy, Elsevier, vol. 33(13), pages 1643-1659, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ouyang, Jinlong & Lu, Meijun & Li, Bing & Wang, Chunyuan & Hokao, Kazunori, 2011. "Economic analysis of upgrading aging residential buildings in China based on dynamic energy consumption and energy price in a market economy," Energy Policy, Elsevier, vol. 39(9), pages 4902-4910, September.
    2. Sharifi, Ayyoob & Yamagata, Yoshiki, 2016. "Principles and criteria for assessing urban energy resilience: A literature review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 60(C), pages 1654-1677.
    3. Lund, H. & Möller, B. & Mathiesen, B.V. & Dyrelund, A., 2010. "The role of district heating in future renewable energy systems," Energy, Elsevier, vol. 35(3), pages 1381-1390.
    4. Kristina Mjörnell & Paula Femenías & Kerstin Annadotter, 2019. "Renovation Strategies for Multi-Residential Buildings from the Record Years in Sweden—Profit-Driven or Socioeconomically Responsible?," Sustainability, MDPI, vol. 11(24), pages 1-18, December.
    5. Kristina Mjörnell, 2020. "The Role of Trans-Disciplinary Research in Sustainable Renovation," Journal of Management and Sustainability, Canadian Center of Science and Education, vol. 10(1), pages 1-1, July.
    6. Nick Macaluso & Robin White, 2011. "Impact of Relative Fuel Prices on CO2 Emission Policies," The Energy Journal, , vol. 32(1_suppl), pages 89-110, June.
    7. Theodoridou, Ifigeneia & Papadopoulos, Agis M. & Hegger, Manfred, 2012. "A feasibility evaluation tool for sustainable cities – A case study for Greece," Energy Policy, Elsevier, vol. 44(C), pages 207-216.
    8. Egging, Ruud, 2013. "Drivers, trends, and uncertainty in long-term price projections for energy management in public buildings," Energy Policy, Elsevier, vol. 62(C), pages 617-624.
    9. Liu, Pei & Pistikopoulos, Efstratios N. & Li, Zheng, 2010. "An energy systems engineering approach to the optimal design of energy systems in commercial buildings," Energy Policy, Elsevier, vol. 38(8), pages 4224-4231, August.
    10. Ballarini, Ilaria & Corgnati, Stefano Paolo & Corrado, Vincenzo, 2014. "Use of reference buildings to assess the energy saving potentials of the residential building stock: The experience of TABULA project," Energy Policy, Elsevier, vol. 68(C), pages 273-284.
    11. Ziyi Wang & Zengqiao Chen & Cuiping Ma & Ronald Wennersten & Qie Sun, 2022. "Nationwide Evaluation of Urban Energy System Resilience in China Using a Comprehensive Index Method," Sustainability, MDPI, vol. 14(4), pages 1-36, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Theodoridou, Ifigeneia & Papadopoulos, Agis M. & Hegger, Manfred, 2012. "A feasibility evaluation tool for sustainable cities – A case study for Greece," Energy Policy, Elsevier, vol. 44(C), pages 207-216.
    2. Eleftheriadis, Iordanis M. & Anagnostopoulou, Evgenia G., 2015. "Identifying barriers in the diffusion of renewable energy sources," Energy Policy, Elsevier, vol. 80(C), pages 153-164.
    3. Natarajan, Sukumar & Levermore, Geoffrey J., 2007. "Predicting future UK housing stock and carbon emissions," Energy Policy, Elsevier, vol. 35(11), pages 5719-5727, November.
    4. Takao Asano & Noriaki Matsushima, 2014. "Environmental regulation and technology transfers," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 47(3), pages 889-904, August.
    5. Devitt, Conor & Diffney, Seán & FitzGerald, John & Malaguzzi Valeri, Laura & Tuohy, Aidan, 2011. "Goldilocks and the Three Electricity Prices: Are Irish Prices "Just Right"?," Papers WP372, Economic and Social Research Institute (ESRI).
    6. Pollitt, Michael, 2009. "Evaluating the evidence on electricity reform: Lessons for the South East Europe (SEE) market," Utilities Policy, Elsevier, vol. 17(1), pages 13-23, March.
    7. Varho, Vilja & Tapio, Petri, 2005. "Wind power in Finland up to the year 2025--`soft' scenarios based on expert views," Energy Policy, Elsevier, vol. 33(15), pages 1930-1947, October.
    8. Xing Zhao & Xin Zhang, 2022. "Research on the Evaluation and Regional Differences in Carbon Emissions Efficiency of Cultural and Related Manufacturing Industries in China’s Yangtze River Basin," Sustainability, MDPI, vol. 14(17), pages 1-22, August.
    9. Willems, Bert & Pollitt, Michael & von der Fehr, Nils-Henrik & Banet, Catherine, 2022. "The European Wholesale Electricty Market: From Crisis to Net Zero," Other publications TiSEM 2f225964-853e-4d30-a46d-0, Tilburg University, School of Economics and Management.
    10. Thomas Douenne & Adrien Fabre, 2019. "Can We Reconcile French People with the Carbon Tax? Disentangling Beliefs from Preferences," Policy Papers 2019.05, FAERE - French Association of Environmental and Resource Economists.
    11. Martin Jakob & Reinhard Madlener, 2003. "Exploring Experience Curves for the Building Envelope: An Investigation for Switzerland for 1970–2020," CEPE Working paper series 03-22, CEPE Center for Energy Policy and Economics, ETH Zurich.
    12. Markard, Jochen & Truffer, Bernhard, 2006. "The promotional impacts of green power products on renewable energy sources: direct and indirect eco-effects," Energy Policy, Elsevier, vol. 34(3), pages 306-321, February.
    13. Tørnblad, Silje H. & Kallbekken, Steffen & Korneliussen, Kristine & Mideksa, Torben K., 2014. "Using mobility management to reduce private car use: Results from a natural field experiment in Norway," Transport Policy, Elsevier, vol. 32(C), pages 9-15.
    14. Verde, Stefano F. & Pazienza, Maria Grazia, 2016. "Energy and climate hand-in-hand: Financing RES-E support with carbon revenues," Energy Policy, Elsevier, vol. 88(C), pages 234-244.
    15. Aminul Islam & Mohammad Tofayal Ahmed & Md Alam Hossain Mondal & Md. Rabiul Awual & Minhaj Uddin Monir & Kamrul Islam, 2021. "A snapshot of coal‐fired power generation in Bangladesh: A demand–supply outlook," Natural Resources Forum, Blackwell Publishing, vol. 45(2), pages 157-182, May.
    16. Hughes, Nick & Strachan, Neil & Gross, Robert, 2013. "The structure of uncertainty in future low carbon pathways," Energy Policy, Elsevier, vol. 52(C), pages 45-54.
    17. Natarajan, Sukumar & Levermore, Geoffrey J., 2007. "Domestic futures--Which way to a low-carbon housing stock?," Energy Policy, Elsevier, vol. 35(11), pages 5728-5736, November.
    18. Shimada, Koji & Tanaka, Yoshitaka & Gomi, Kei & Matsuoka, Yuzuru, 2007. "Developing a long-term local society design methodology towards a low-carbon economy: An application to Shiga Prefecture in Japan," Energy Policy, Elsevier, vol. 35(9), pages 4688-4703, September.
    19. Zhao, Zhen-Yu & Yang, Hui-Jia & Zuo, Jian, 2017. "Evolution of international trade for photovoltaic cells: A spatial structure study," Energy, Elsevier, vol. 124(C), pages 435-446.
    20. Massimiliano Mazzanti & Roberto Zoboli, 2012. "A Political Economy Approach to Resource Taxation: Weak Sustainability, Revenue Recycling and Regional Planning," Working Papers 201202, University of Ferrara, Department of Economics.

    More about this item

    Keywords

    Market Energy Refurbishment;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:37:y:2009:i:7:p:2582-2593. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.