Costs and Benefits of Implementing Green Building Policy

Green building (GB) policies have been implemented to promote GB and address climate change. Most of the existing literatures have studied the costs and benefits of developing GB, without considerations of GB policies’ impacts. This paper aims to study costs and benefits of implementing GB policy from developers’ perspective. It takes the Gross...

Transaction Costs (TCs) in Building Regulations and Control for Green Buildings: Case Study of Hong Kong

About 40% of global energy consumption and nearly one-third of global CO2 emissions are on account of buildings. In Hong Kong, buildings consume up to 90% of electricity during construction and operation, where all the design and construction of private developments is subject to control under the Buildings<br/>Ordinance. The way building...

Floor area concession incentives as planning instruments to promote green building: A critical review of international practices

Gross Floor Area (GFA) concession scheme, as a planning incentive, is developed from the notion of “make developers pay” in UK in 1990. It rewards developers additional GFA in exchange for public amenities so that government could save that amount of money. This paper carries out a review of GFA concession scheme in Hong Kong and Singapore to...