IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v11y2019i12p3319-d240222.html
   My bibliography  Save this article

Benefit–Cost Analysis of Green Roof Initiative Projects: The Case of Jung-gu, Seoul

Author

Listed:
  • Eunha Shin

    (Department of Urban Planning and Engineering, Hanyang University, 222 Wangsimri-ro, Seoul 04763, Korea)

  • Heungsoon Kim

    (Department of Urban Planning and Engineering, Hanyang University, 222 Wangsimri-ro, Seoul 04763, Korea)

Abstract

Green roofs, which have various economic, environmental and social effects, have been acknowledged as an alternative green space in urban areas. This study aims to investigate the economic feasibility of green roof projects by conducting a benefit–cost analysis on the case of Jung-gu, Seoul. The analysis estimates and compares five different scenarios applied in the study area with a 20-year operation period in all cases. This set of scenarios aims to compare the most idealistic situation with more achievable and realistic situations, to provide policy implications for green roof initiative projects in Seoul. The analysis consists of estimating six cost items and eight benefit items. Among the benefit items, two non-marketable elements are estimated by the contingent valuation method. The scenario with 100% application of a green roof, has benefits exceeding the costs with a benefit–cost ratio of 1.174. However, the other scenarios with certain prerequisites have a benefit–cost ratio that is very close, but still smaller than 1. Therefore, it is possible to claim that green roof initiative projects are economically viable under specific conditions. However, there are many restrictions to engaging in green roof constructions for entire building rooftops.

Suggested Citation

  • Eunha Shin & Heungsoon Kim, 2019. "Benefit–Cost Analysis of Green Roof Initiative Projects: The Case of Jung-gu, Seoul," Sustainability, MDPI, vol. 11(12), pages 1-18, June.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:12:p:3319-:d:240222
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/11/12/3319/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/11/12/3319/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Nurmi, Väinö & Votsis, Athanasios & Perrels, Adriaan & Lehvävirta, Susanna, 2016. "Green Roof Cost-Benefit Analysis: Special Emphasis on Scenic Benefits," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 7(3), pages 488-522, October.
    2. Seung-Hoon Park & Dong-Won Ko, 2018. "Investigating the Effects of the Built Environment on PM 2.5 and PM 10 : A Case Study of Seoul Metropolitan City, South Korea," Sustainability, MDPI, vol. 10(12), pages 1-11, December.
    3. Margareth Viecco & Sergio Vera & Héctor Jorquera & Waldo Bustamante & Jorge Gironás & Cynnamon Dobbs & Eduardo Leiva, 2018. "Potential of Particle Matter Dry Deposition on Green Roofs and Living Walls Vegetation for Mitigating Urban Atmospheric Pollution in Semiarid Climates," Sustainability, MDPI, vol. 10(7), pages 1-18, July.
    4. Vassilis Markantonis & Kostas Bithas, 2010. "The application of the contingent valuation method in estimating the climate change mitigation and adaptation policies in Greece. An expert-based approach," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 12(5), pages 807-824, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jaromir Vrbka & Tomas Krulicky & Tomas Brabenec & Jan Hejda, 2020. "Determining the Increase in a Building’s Appreciation Rate Due to a Reconstruction," Sustainability, MDPI, vol. 12(18), pages 1-13, September.
    2. Mitali Yeshwant Joshi & Jacques Teller, 2021. "Urban Integration of Green Roofs: Current Challenges and Perspectives," Sustainability, MDPI, vol. 13(22), pages 1-33, November.
    3. Jing Dong & Jin Zuo & Jiancheng Luo, 2020. "Development of a Management Framework for Applying Green Roof Policy in Urban China: A Preliminary Study," Sustainability, MDPI, vol. 12(24), pages 1-22, December.
    4. Manuel J. Carretero-Ayuso & Carlos E. Rodríguez-Jiménez, 2019. "Calculation of the Risk of Lawsuits over Construction Flaws in Flat Roofs," Sustainability, MDPI, vol. 11(18), pages 1-18, September.
    5. Sri Yuliani & Gagoek Hardiman & Erni Setyowati, 2020. "Green-Roof: The Role of Community in the Substitution of Green-Space toward Sustainable Development," Sustainability, MDPI, vol. 12(4), pages 1-14, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sungwan Son & Aya Elkamhawy & Choon-Man Jang, 2022. "Active Soil Filter System for Indoor Air Purification in School Classrooms," IJERPH, MDPI, vol. 19(23), pages 1-16, November.
    2. Aya Elkamhawy & Choon-Man Jang, 2020. "Performance Evaluation of Hybrid Air Purification System with Vegetation Soil and Electrostatic Precipitator Filters," Sustainability, MDPI, vol. 12(13), pages 1-16, July.
    3. Sojung Kim & Burchan Aydin & Sumin Kim, 2021. "Simulation Modeling of a Photovoltaic-Green Roof System for Energy Cost Reduction of a Building: Texas Case Study," Energies, MDPI, vol. 14(17), pages 1-13, September.
    4. Shanyou Duan & Qian Liu & Dumei Jiang & Yulin Jiang & Yinzhi Lin & Ziying Gong, 2021. "Exploring the Joint Impacts of Natural and Built Environments on PM 2.5 Concentrations and Their Spatial Heterogeneity in the Context of High-Density Chinese Cities," Sustainability, MDPI, vol. 13(21), pages 1-15, October.
    5. Marcin K. Widomski & Anna Musz-Pomorska & Justyna Gołębiowska, 2023. "Hydrologic Effectiveness and Economic Efficiency of Green Architecture in Selected Urbanized Catchment," Land, MDPI, vol. 12(7), pages 1-19, June.
    6. Gül Aslı Aksu & Şermin Tağıl & Nebiye Musaoğlu & Emel Seyrek Canatanoğlu & Adnan Uzun, 2022. "Landscape Ecological Evaluation of Cultural Patterns for the Istanbul Urban Landscape," Sustainability, MDPI, vol. 14(23), pages 1-26, November.
    7. Balezentis, Tomas & Streimikiene, Dalia & Mikalauskas, Ignas & Shen, Zhiyang, 2021. "Towards carbon free economy and electricity: The puzzle of energy costs, sustainability and security based on willingness to pay," Energy, Elsevier, vol. 214(C).
    8. Widya Liadira Kusuma & Wu Chih-Da & Zeng Yu-Ting & Handayani Hepi Hapsari & Jaelani Lalu Muhamad, 2019. "PM 2.5 Pollutant in Asia—A Comparison of Metropolis Cities in Indonesia and Taiwan," IJERPH, MDPI, vol. 16(24), pages 1-12, December.
    9. Johnson, Daniel & Geisendorf, Sylvie, 2019. "Are Neighborhood-level SUDS Worth it? An Assessment of the Economic Value of Sustainable Urban Drainage System Scenarios Using Cost-Benefit Analyses," Ecological Economics, Elsevier, vol. 158(C), pages 194-205.
    10. Tori, Felipe & Bustamante, Waldo & Vera, Sergio, 2022. "Analysis of Net Zero Energy Buildings public policies at the residential building sector: A comparison between Chile and selected countries," Energy Policy, Elsevier, vol. 161(C).
    11. Isidro A. Pérez & Mª Ángeles García & Mª Luisa Sánchez & Nuria Pardo & Beatriz Fernández-Duque, 2020. "Key Points in Air Pollution Meteorology," IJERPH, MDPI, vol. 17(22), pages 1-14, November.
    12. Jong In Baek & Yong Un Ban, 2020. "The Impacts of Urban Air Pollution Emission Density on Air Pollutant Concentration Based on a Panel Model," Sustainability, MDPI, vol. 12(20), pages 1-26, October.
    13. Stamatios Ntanos & Grigorios Kyriakopoulos & Miltiadis Chalikias & Garyfallos Arabatzis & Michalis Skordoulis, 2018. "Public Perceptions and Willingness to Pay for Renewable Energy: A Case Study from Greece," Sustainability, MDPI, vol. 10(3), pages 1-16, March.
    14. Joanna Badach & Małgorzata Dymnicka & Andrzej Baranowski, 2020. "Urban Vegetation in Air Quality Management: A Review and Policy Framework," Sustainability, MDPI, vol. 12(3), pages 1-28, February.
    15. Alló, Maria & Loureiro, Maria L., 2014. "The role of social norms on preferences towards climate change policies: A meta-analysis," Energy Policy, Elsevier, vol. 73(C), pages 563-574.
    16. Li-Chun Peng & Wan-Yu Lien & Yu-Pin Lin, 2020. "How Experts’ Opinions and Knowledge Affect Their Willingness to Pay for and Ranking of Hydrological Ecosystem Services," Sustainability, MDPI, vol. 12(23), pages 1-18, December.
    17. Mina Radić & Marta Brković Dodig & Thomas Auer, 2019. "Green Facades and Living Walls—A Review Establishing the Classification of Construction Types and Mapping the Benefits," Sustainability, MDPI, vol. 11(17), pages 1-23, August.
    18. Deely, John & Hynes, Stephen, 2020. "Preferences for Blue-Green or Grey Infrastructure to Reduce Flood Risk: A Choice Experiment," Working Papers 309506, National University of Ireland, Galway, Socio-Economic Marine Research Unit.
    19. Bo Wang & Xiaochen Zhang & Chenming Gu & Mei Zhang & Yuanhao Zhao & Jia Jia, 2021. "Magnetism and Grain-Size Distribution of Particles Deposited on the Surface of Urban Trees in Lanzhou City, Northwestern China," IJERPH, MDPI, vol. 18(22), pages 1-14, November.
    20. Jan Vanstockem & Liesbet Vranken & Brent Bleys & Ben Somers & Martin Hermy, 2018. "Do Looks Matter? A Case Study on Extensive Green Roofs Using Discrete Choice Experiments," Sustainability, MDPI, vol. 10(2), pages 1-15, January.

    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:gam:jsusta:v:11:y:2019:i:12:p:3319-:d:240222. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.