Abstract
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 Floor Area (GFA) Concession, which is a popular policy and has been implemented in the US, Singapore and Hong Kong, as an example, to compare its implementation in three regions and analyze how it affects developers’ costs and benefits. Findings show that Hong Kong has relatively lower threshold to acquire GFA concession for developers and it is the right time to adjust the GFA concession incentive to reflect the market transformation and further encourage developers to go for higher levels of GB.
| Original language | English |
|---|---|
| Title of host publication | Proceedings of the World Sustainable Built Environment Conference (WSBE17) |
| Subtitle of host publication | Transforming Our Built Environment through Innovation and Integration: Putting Ideas into Action |
| Place of Publication | Hong Kong |
| Publisher | Construction Industry Council |
| Pages | 741-746 |
| ISBN (Print) | 978-988-77943-0-1 |
| Publication status | Published - 2017 |
| Event | World Sustainable Built Environment Conference - Hong Kong , China Duration: 5 Jun 2017 → 7 Jun 2017 http://www.wsbe17hongkong.hk |
Conference
| Conference | World Sustainable Built Environment Conference |
|---|---|
| Abbreviated title | WSBE17 |
| Country/Territory | China |
| City | Hong Kong |
| Period | 5/06/17 → 7/06/17 |
| Internet address |
Keywords
- policy and regulation
- costs and benefits
- GFA concession
