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Benchmarks as a tool for free allocation through comparison with similar projects: Focused on multi-family housing complex

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  • Hong, Taehoon
  • Koo, Choongwan
  • Lee, Sungug

Abstract

A multilateral effort to reduce greenhouse gas (GHG) emissions has been implemented around the world. In particular, the Emissions Trading Scheme (ETS) emerged as a market-based approach used to control GHG emissions by providing carbon credits (or allowances). One of the most controversial issues in the ETS is the question of how the allowances will be distributed. Therefore, this research aimed to develop a decision support model for establishing benchmarks as a tool for free allocation in the construction industry. It can be used in the pre-design phase to estimate the amount of allowances in a given construction site. In this study, a total of 147 types of data on the reinforced concrete frame in multi-family housing projects in South Korea were collected and used to develop the advanced Case-Based Reasoning (CBR), which can be used to establish benchmarks as a tool for free allocation.

Suggested Citation

  • Hong, Taehoon & Koo, Choongwan & Lee, Sungug, 2014. "Benchmarks as a tool for free allocation through comparison with similar projects: Focused on multi-family housing complex," Applied Energy, Elsevier, vol. 114(C), pages 663-675.
  • Handle: RePEc:eee:appene:v:114:y:2014:i:c:p:663-675
    DOI: 10.1016/j.apenergy.2013.10.035
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    14. Seoin Baek & Heetae Kim & Hyun Joon Chang, 2015. "Optimal Hybrid Renewable Power System for an Emerging Island of South Korea: The Case of Yeongjong Island," Sustainability, MDPI, vol. 7(10), pages 1-17, October.
    15. Seo, Dong-yeon & Koo, Choongwan & Hong, Taehoon, 2015. "A Lagrangian finite element model for estimating the heating and cooling demand of a residential building with a different envelope design," Applied Energy, Elsevier, vol. 142(C), pages 66-79.
    16. Jiangnan Li & Tian Mao & Guanglei Huang & Wenmeng Zhao & Tao Wang, 2023. "Research on Day-Ahead Optimal Scheduling Considering Carbon Emission Allowance and Carbon Trading," Sustainability, MDPI, vol. 15(7), pages 1-23, April.
    17. Koo, Choongwan & Hong, Taehoon & Lee, Minhyun & Seon Park, Hyo, 2014. "Development of a new energy efficiency rating system for existing residential buildings," Energy Policy, Elsevier, vol. 68(C), pages 218-231.
    18. Mu, Yaqian & Evans, Samuel & Wang, Can & Cai, Wenjia, 2018. "How will sectoral coverage affect the efficiency of an emissions trading system? A CGE-based case study of China," Applied Energy, Elsevier, vol. 227(C), pages 403-414.
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    20. Feijoo, Felipe & Das, Tapas K., 2014. "Design of Pareto optimal CO2 cap-and-trade policies for deregulated electricity networks," Applied Energy, Elsevier, vol. 119(C), pages 371-383.
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