Costs and Benefits of Implementing Green Building Policy

Ke Fan, Gu Wei, Queena Qian, Edwin Chan

    Research output: Chapter in Book/Conference proceedings/Edited volumeConference contributionScientificpeer-review

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    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 languageEnglish
    Title of host publicationProceedings of the World Sustainable Built Environment Conference (WSBE17)
    Subtitle of host publicationTransforming Our Built Environment through Innovation and Integration: Putting Ideas into Action
    Place of PublicationHong Kong
    PublisherConstruction Industry Council
    Pages741-746
    ISBN (Print)978-988-77943-0-1
    Publication statusPublished - 2017
    EventWorld Sustainable Built Environment Conference - Hong Kong , China
    Duration: 5 Jun 20177 Jun 2017
    http://www.wsbe17hongkong.hk

    Conference

    ConferenceWorld Sustainable Built Environment Conference
    Abbreviated titleWSBE17
    CountryChina
    CityHong Kong
    Period5/06/177/06/17
    Internet address

    Keywords

    • policy and regulation
    • costs and benefits
    • GFA concession

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