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

    Research output: Contribution to journalArticle

    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 languageEnglish
    Pages (from-to)422-430
    JournalProcedia Economics and Finance
    Volume21
    DOIs
    Publication statusPublished - 2015
    MoE publication typeA1 Journal article-refereed
    Event8th Nordic Conference on Construction Economics and Organization, 28 - 29 May 2015, Tampere, Finland -
    Duration: 1 Jan 2015 → …

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    Keywords

    • construction economics
    • cost-effectiveness
    • economic efficiency
    • energy efficiency
    • investment appraisal

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