IDEAS home Printed from https://ideas.repec.org/p/arz/wpaper/eres2023_192.html
   My bibliography  Save this paper

The ecological pay-back challenge of energetic retrofits – What's a smart low carbon investment approach

Author

Listed:
  • Hunter Kuhlwein
  • Sven Bienert
  • Yannick Schmidt

Abstract

Recent studies have shown an increase of Embodied Carbon of buildings while operational emissions were reduced in many countries. Since renovations are crucial to tackle climate crisis, this paper aims to investigate to what extent embodied carbon of energetic retrofits is beneficial from an ecological perspective. In particular, this paper researches the question of how long the carbon payback period is for the asset classes and on which ones the focus should initially be in the upcoming modernisations. Starting off with a literature review on embodied carbon in building materials and construction, a set of case studies is then analyzed in terms of avoided emissions and embodied carbon emissions that come along with the retrofit. Typical renovation packages and scopes are compared with each other by calculating the environmental impact as well as their economical payback period. Subsequently, the energy consumption before and after retrofit is considered and the extension of the life cycle by the measure is evaluated. As a result, benchmarks will be established for different energetic retrofit measures in different regions. This paper helps to prioritize retrofit measures from an ecological point of view and at the same time is to the best of the authors' knowledge a first-time framework for the comparison between emission savings and initial carbon emitted during the retrofit.

Suggested Citation

  • Hunter Kuhlwein & Sven Bienert & Yannick Schmidt, 2023. "The ecological pay-back challenge of energetic retrofits – What's a smart low carbon investment approach," ERES eres2023_192, European Real Estate Society (ERES).
  • Handle: RePEc:arz:wpaper:eres2023_192
    as

    Download full text from publisher

    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2023-192
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Carbon Budget; Climate Policy; Embodied Carbon; Life cycle assessment;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arz:wpaper:eres2023_192. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Architexturez Imprints (email available below). General contact details of provider: https://edirc.repec.org/data/eressea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.