Economic appraisal of energy efficiency in buildings using cost-effectiveness assessment

Pekka Tuominen; Francesco Reda; Waled Dawoud; Bahaa Elboshy; Ghada Elshafei; Abdelazim Negm

doi:10.1016/S2212-5671(15)00195-1

Economic appraisal of energy efficiency in buildings using cost-effectiveness assessment

Pekka Tuominen (Corresponding Author), Francesco Reda, Waled Dawoud, Bahaa Elboshy, Ghada Elshafei, Abdelazim Negm

Egypt-Japan University of Science and Technology (E-JUST)

Research output: Contribution to journal › Article › Scientific › peer-review

Abstract

The aim of this paper is to present a method and a tool based on cost-effectiveness analysis (CEA) for assessing energy efficiency improvements in buildings. The method is based on comparing costs of an energy efficiency improvement with its effects in terms of reduced energy use.Ashort review of the current practices in evaluating the economic efficiency and feasibility of energy efficiency measures is presented.A case example is presented with a calculationby using a CEA calculation method adapted for energy efficiency improvements in buildings.It is here concluded that the systematic appraisal of cost-effectiveness of energy efficiency investments would allow most economical projects to be implemented first, leading to greater overall economic efficiency.

Original language	English
Pages (from-to)	422-430
Journal	Procedia Economics and Finance
Volume	21
DOIs	https://doi.org/10.1016/S2212-5671(15)00195-1
Publication status	Published - 2015
MoE publication type	A1 Journal article-refereed
Event	8th Nordic Conference on Construction Economics and Organization, 28 - 29 May 2015, Tampere, Finland - Duration: 1 Jan 2015 → …

Keywords

construction economics
cost-effectiveness
economic efficiency
energy efficiency
investment appraisal

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/S2212-5671(15)00195-1

Cite this

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abstract = "The aim of this paper is to present a method and a tool based on cost-effectiveness analysis (CEA) for assessing energy efficiency improvements in buildings. The method is based on comparing costs of an energy efficiency improvement with its effects in terms of reduced energy use.Ashort review of the current practices in evaluating the economic efficiency and feasibility of energy efficiency measures is presented.A case example is presented with a calculationby using a CEA calculation method adapted for energy efficiency improvements in buildings.It is here concluded that the systematic appraisal of cost-effectiveness of energy efficiency investments would allow most economical projects to be implemented first, leading to greater overall economic efficiency.",

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note = "SDA: SHP: IntelligentEnergyAndCity ; 8th Nordic Conference on Construction Economics and Organization, 28 - 29 May 2015, Tampere, Finland ; Conference date: 01-01-2015",

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AU - Tuominen, Pekka

AU - Reda, Francesco

AU - Dawoud, Waled

AU - Elboshy, Bahaa

AU - Elshafei, Ghada

AU - Negm, Abdelazim

N1 - SDA: SHP: IntelligentEnergyAndCity

PY - 2015

Y1 - 2015

N2 - The aim of this paper is to present a method and a tool based on cost-effectiveness analysis (CEA) for assessing energy efficiency improvements in buildings. The method is based on comparing costs of an energy efficiency improvement with its effects in terms of reduced energy use.Ashort review of the current practices in evaluating the economic efficiency and feasibility of energy efficiency measures is presented.A case example is presented with a calculationby using a CEA calculation method adapted for energy efficiency improvements in buildings.It is here concluded that the systematic appraisal of cost-effectiveness of energy efficiency investments would allow most economical projects to be implemented first, leading to greater overall economic efficiency.

AB - The aim of this paper is to present a method and a tool based on cost-effectiveness analysis (CEA) for assessing energy efficiency improvements in buildings. The method is based on comparing costs of an energy efficiency improvement with its effects in terms of reduced energy use.Ashort review of the current practices in evaluating the economic efficiency and feasibility of energy efficiency measures is presented.A case example is presented with a calculationby using a CEA calculation method adapted for energy efficiency improvements in buildings.It is here concluded that the systematic appraisal of cost-effectiveness of energy efficiency investments would allow most economical projects to be implemented first, leading to greater overall economic efficiency.

KW - construction economics

KW - cost-effectiveness

KW - economic efficiency

KW - energy efficiency

KW - investment appraisal

UR - https://www.sciencedirect.com/journal/procedia-economics-and-finance/vol/21/suppl/C

U2 - 10.1016/S2212-5671(15)00195-1

DO - 10.1016/S2212-5671(15)00195-1

M3 - Article

SN - 2212-5671

VL - 21

SP - 422

EP - 430

JO - Procedia Economics and Finance

JF - Procedia Economics and Finance

T2 - 8th Nordic Conference on Construction Economics and Organization, 28 - 29 May 2015, Tampere, Finland

Y2 - 1 January 2015

ER -

Economic appraisal of energy efficiency in buildings using cost-effectiveness assessment

Abstract

Keywords

UN SDGs

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