Impact Of Green Buildings Research Articles

Sustainable Impact of Green Building on the Eco-Economic Efficiency of the Construction Industry: Evidence from China

Addressing the global warming challenge, the carbon emissions reduction potential of green building (GB) is garnering increasing attention. However, the extent to which GB can impact the eco-economic efficiency (EE) of the construction industry remains unclear. To fill this gap, based on panel data for 30 regions of China from 2003 to 2018, in this study, a comprehensive analysis of the EE and sustainable impact of GB is conducted using a super slacks-based measure (SBM-DEA), panel vector autoregression (PVAR) and threshold models. The findings reflect that only about 10% of provinces have achieved EE effectiveness, with pure technical effectiveness being a significant driving force behind this. The average comprehensive, pure technical, and scale EE show a 62.23%, 46.42%, and 31.91% improvement potential regarding the efficiency frontier. The EE in the Eastern Region is relatively high, while the Western Region surpassed the Central Region in regards to EE in the areas of scale and pure technical efficiency. EE is significantly reduced in the current period (year) when it is subject to the positive impact of a standard deviation from the existing economic level. This impact was the strongest in period 1, then gradually disappeared until period 6, aligning with the Kuznets curve’s theoretical assumption. GB awareness negatively impacted the current period, but is expected to gradually show a positive effect after period 2. The urbanization, green building awareness, and green building coverage make a very small contribution to the EE, accounting for 8.6%, 1.6%, and 9%, respectively, with early EE and economic level identified as the primary variables affecting the current EE. The impact of GB on EE exhibits a threshold effect, with the ecological effect of GB significant only in cities with economic levels higher than 11.063. This research contributes to the existing knowledge of the eco-economic mechanism of GB and provides insights for government policies, promoting the sustainable development of the GB market.

Exploring the Mechanisms Influencing Users’ Willingness to Pay for Green Real Estate Projects in Asia Based on Technology Acceptance Modeling Theory

In contrast to the extensive research on the impact of green buildings on character, property values, energy efficiency, and environmental quality, less emphasis has been placed on understanding the factors driving users’ selection of green real estate projects, an essential element for the future business sustainability of such buildings. This study investigates the connection between various user motivations, such as perceived usefulness, perceived usability, a sense of responsibility, awareness of consequences, and perceived behavioral control, and their impact on Asian users’ willingness to pay for green real estate projects. These users include those who have already invested in and are considering long-term investment in such projects. An empirical methodology, integrating these motivations with a technology acceptance model, is proposed to assess their willingness to pay either through renting or buying. The study applies structural equation modeling to analyze sample data against a hypothetical model, thereby testing the hypotheses. It concludes that, in influencing green real estate projects, the following apply: (1) perceived usefulness and perceived behavioral control significantly shape Asian users’ attitudes towards financial commitment; (2) perceived usability directly influences their perceived usefulness; (3) awareness of consequences acts as a mediating factor in the relationship between perceived usability and behavioral control among these users. Moreover, the study offers strategic design recommendations for future green real estate projects, informed by the diverse motivational factors of Asian users, to guide their purchasing and selection decisions.

Framework Development to Identify the Impact of Green Building Attributes on Rental Value of Commercial Properties in Malaysia

Green office buildings offer maximum comfort using less energy to provide a conducive atmosphere for working which invariably encourage production. It provides adequate return on investment over a long period of time having a shorter payback time compared to non-green buildings. Researchers tried to establish the benefit and cost of maintenance of green building based on different parameters. However, this research reviewed different approaches on the issue of green building cost and benefits including building performance as it relates to supply and demand of green building, green building market value, cash flow and market competition. The inspiration for the development of such methodology arose from the need for measuring the impact of green building attributes on rental value of commercial properties in Malaysia. The paper discusses how the impact of green building attributes on rental value can be measured within the context of commercial properties in Malaysia. It further argues that critical assessment need to carried out to determine the attributes which significantly affect the rental value of commercial green buildings.

The Impact of Green Buildings on Energy Consumption in Some Middle East Countries (Arabic Union)

The Impact of Green Buildings on Energy Consumption in Some Middle East Countries (Arabic Union)

Real estate sustainability strategy and green building development in Singapore

This paper examines the link between the contemporary corporate sustainability practices of real estate companies and green building development, illustrating the various facets with regards to the real estate sector in Singapore. The paper also looks at the close connection between green building rating tools and corporate sustainability objectives, and how green building development helps to achieve a win-win situation for all the stakeholders involved. The impact of green building is shown to go beyond achieving corporate sustainability goals, creating a robust green building ecosystem that supports the entire building supply chain.