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Review: The Economics Landscape for Building Decarbonization

Author

Listed:
  • Ali Madadizadeh

    (School of Engineering, University of Guelph, Guelph, ON N1G 2W1, Canada)

  • Kamran Siddiqui

    (Department of Mechanical and Materials Engineering, Western University, London, ON N6A 3K7, Canada)

  • Amir A. Aliabadi

    (School of Engineering, University of Guelph, Guelph, ON N1G 2W1, Canada)

Abstract

As efforts to mitigate climate change become increasingly urgent, the need to address the environmental impact of the built environment has gained significant attention. Buildings, as major contributors to Greenhouse Gas (GHG) emissions, have a substantial embodied and operational carbon footprint resulting from their construction materials, practices, and lifetime operation. This paper examines the economic landscape of strategies and policies aimed at reducing the embodied and operational carbon footprint of buildings on a global scale, with specific case studies from various national contexts. It delves into various innovative approaches, including economic analysis techniques, market instruments, market demands, and the role of government incentives to reduce the carbon footprint of buildings. The study highlights the crucial role of government policies, financial incentives, and market forces in promoting sustainable practices and fostering the adoption of low-carbon alternatives. By shedding light on the economic dimensions of reducing the carbon footprint of buildings, this research aims to facilitate informed decision-making by policymakers, engineers, and other stakeholders, ultimately contributing to a more sustainable and climate-resilient built environment.

Suggested Citation

  • Ali Madadizadeh & Kamran Siddiqui & Amir A. Aliabadi, 2024. "Review: The Economics Landscape for Building Decarbonization," Sustainability, MDPI, vol. 16(14), pages 1-28, July.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:14:p:6214-:d:1439321
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    References listed on IDEAS

    as
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