Abstract
The long-lived, culturally relevant, and unique buildings of Europe's urban landscapes embody the values of the circular economy (CE) and sustainability. They are central to urban identities, generation after generation. Furthermore, adaptive reuse of cultural heritage buildings (ARCH) contributes to slowing down the extraction of natural resources, reducing energy for new buildings, and reducing construction and demolition waste and greenhouse gas emissions. ARCH's inherent characteristics distinctly express the 2019 European Green Deal's CE objectives and the 2020 building Renovation Wave Strategy. In this context, European city managers, heritage conservationists, and other stakeholders need a systematic method to characterize the investment opportunity for ARCH, considering CE. To fill this methodological gap, this study introduces a new composite indicator called the Circular City Adaptive Reuse of Cultural Heritage Index.
Highlights
Many European city managers are keenly interested in the circular economy (CE) rehabilitation of existing buildings promised by the 2020 European Union (EU) Renovation Wave Strategy
The findings demonstrate condi tions that contribute to a strong investment opportunity set” (IOS) through their frequency / preva lence among top-ranked cities
The Circular City Adaptive Reuse of Cultural Heritage Index is a composite indicator that estimates the investment opportunity set for CE and adaptive reuse of cultural heritage buildings (ARCH) in cities across Europe
Summary
Many European city managers are keenly interested in the circular economy (CE) rehabilitation of existing buildings promised by the 2020 European Union (EU) Renovation Wave Strategy. The Renovation Wave is the latest of the rapidly expanding CE policies that affect cities since the European Commission adopted the Circular Economy Action Plan in 2015. The topic of this article, the adaptive reuse of cultural heritage buildings (ARCH) in Europe’s cities, is a ubiquitous yet poorly under stood segment of existing building rehabilitation. The purpose of this article is to propose a solution to this method ological gap and answer these complex questions by developing a novel dataset and aggregate index for identifying which European cities pre sent the best investment opportunities for ARCH. The proposed solution is a new composite indicator-based tool called the “Circular City Adaptive Reuse of Cultural Heritage Index” (Index)
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