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Cost-Benefit Analysis of Building Energy Refurbishment – Case Study of A Municipal Public Building

Author

Listed:
  • Dušan Ignjatović

    (University of Belgrade, Faculty of Architecture, Republic of Serbia)

  • Nikola Miletić

    (University of Belgrade, Faculty of Architecture, Republic of Serbia)

  • Bojana Zeković

    (University of Belgrade, Faculty of Architecture, Republic of Serbia)

  • Nataša Ćuković Ignjatović

    (University of Belgrade, Faculty of Architecture, Republic of Serbia)

Abstract

For achieving transition towards a climate neutral, cleaner and healthier environment we must tackle the issues which contribute mostly to climate change and pollution, through fossil fuels excessive consumption and inefficient use of other resources. Construction and operation of buildings is certainly one of these issues, with estimation that buildings consume about 40% of the total energy (EU). One of the strategies that is considered most effective in making the building sector more resource and energy efficient is refurbishment of old buildings, which no longer meet criteria for achieving adequate comfort with minimal energy use. Their refurbishment, opposed to their demolition and construction of new ones, brings numerous environmental benefits, and also drives the transitions of entire cities and communities towards a more resilient and better environment. Recent policies (Energy Efficiency Directives, EU Green Deal, The New European Bauhaus initiative) also highlight the importance of building refurbishment and set goals for ambitious refurbishment rates for the entire building stock. At the same time, they highlight the importance of refurbishment of public buildings, because of the positive implications it has in terms of showcase and educational purposes. This paper presents the case study of refurbishment options for a characteristic municipal building, through cost-benefit analysis of different refurbishment scenarios.

Suggested Citation

  • Dušan Ignjatović & Nikola Miletić & Bojana Zeković & Nataša Ćuković Ignjatović, 2024. "Cost-Benefit Analysis of Building Energy Refurbishment – Case Study of A Municipal Public Building," Economic Themes, Sciendo, vol. 62(1), pages 45-66.
  • Handle: RePEc:vrs:ecothe:v:62:y:2024:i:1:p:45-66:n:1003
    DOI: 10.2478/ethemes-2024-0003
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    More about this item

    Keywords

    Energy efficiency; building refurbishment; cost-benefit analysis;
    All these keywords.

    JEL classification:

    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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