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Investigating Drivers Stimulating Demand for Green Renovation of Existing Buildings and Systems

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  • John Dadzie
  • Susan Djokoto

Abstract

The main purpose of the research is to investigate drivers that motivate homeowners, investors, government institutions etc., to undertake green renovation. Sustainable upgrade actions have been slow although new smart technologies such as solar panels, e-glazing, insulation systems, cogeneration etc., are developed or upgraded every year. At such a slow pace, the existing building stock presents a challenge as drivers are not rigorously identified and applied. A survey questionnaire was designed to examine all the drivers that encourage energy renovation. Extensive review of the literature provided a theoretical framework that supported the study. The survey was administered to energy consultants, architects, quantity surveyors, facility managers and engineers with sufficient professional experience. The data was analysed using means, T-test analysis and Mann–Whitney U test. The results establish a relationship between drivers and upgrade of existing buildings and systems. The findings identified a strong level of agreement among the respondents on the drivers of green renovation. Incentive and support systems, penalties for noncompliance, high energy bills, energy conservation and policy and regulations, awareness etc., are some of the motivating factors that drive energy management retrofit.

Suggested Citation

  • John Dadzie & Susan Djokoto, 2023. "Investigating Drivers Stimulating Demand for Green Renovation of Existing Buildings and Systems," Journal of Sustainable Development, Canadian Center of Science and Education, vol. 15(6), pages 1-88, May.
    • Handle: RePEc:ibn:jsd123:v:15:y:2023:i:6:p:88
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    References listed on IDEAS

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    1. Sa, Aida & Thollander, Patrik & Cagno, Enrico, 2017. "Assessing the driving factors for energy management program adoption," Renewable and Sustainable Energy Reviews, Elsevier, vol. 74(C), pages 538-547.
    2. Laura Gabrielli & Aurora Ruggeri, 2019. "Developing a model for energy retrofit in large building portfolios: energy assessment, optimization and uncertainty," ERES eres2019_203, European Real Estate Society (ERES).
    3. Gliedt, Travis & Hoicka, Christina E., 2015. "Energy upgrades as financial or strategic investment? Energy Star property owners and managers improving building energy performance," Applied Energy, Elsevier, vol. 147(C), pages 430-443.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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