The socioeconomic impact of energy saving renovation measures in urban buildings

Davor Mikulić,Ivana Rašić Bakarić,Sunčana Slijepčević

doi:10.1080/1331677x.2016.1211952

Davor Mikulić, Ivana Rašić Bakarić + Show 1 more

Open Access

https://doi.org/10.1080/1331677x.2016.1211952

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Abstract

The purpose of the paper is to investigate the role of measures oriented to energy savings in residential buildings in the economic development at the regional level. The aim of the paper is to estimate overall socio-economic impact of energy saving renovation measures in the Croatian urban areas. Impact assessment is based on input–output methodology which is able to quantify direct and indirect effects of investment in the energy saving projects on the economic activity and employment. Gross output, gross value added and employment multipliers for building renovation projects are estimated to be in the range 2.5–2.9.

Highlights

The objectives of the Europe 2020 strategy very clearly emphasise the general concern for sustainable use of energy and the implications of energy use on climate change
The goal of this article is to analyse the socioeconomic impact of energy efficient renovation in the urban areas, the topic which is rarely analysed in the literature
Energy consumption in dwellings makes up a significant proportion of the total energy consumption in Croatia

Summary

Introduction

The objectives of the Europe 2020 strategy very clearly emphasise the general concern for sustainable use of energy and the implications of energy use on climate change. The Europe 2020 sets the objective to reduce the consumption of energy and resources by EU member states, as well as to increase the energy efficiency by 20% until 2020. Investments in energy renovation of buildings and houses can substantially contribute to the priorities of the Europe 2020 strategy. As European Commission (2015) state ‘buildings are responsible for 40 percent of energy consumption and 36 percent of carbon dioxide (CO2) emission in the EU’. In Croatia, 42.3% of total energy consumption is consumed in buildings (Ministry of Construction and Physical Planning, 2014). Such data shows the importance of investigating the effects of energy renovation of buildings. Research from the Buildings Performance Institute Europe (2011) states that the investment in energy efficiency is the

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