A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Energy-environmental-economic assessment of green retrofit policy to achieve 2050 carbon-neutrality in South Korea: Focused on residential buildings
https://orcid.org/0000-0001-9127-9243
https://orcid.org/0000-0001-5136-8276
https://orcid.org/0000-0002-8036-4204
https://orcid.org/0000-0001-5954-1889
Highlights Energy consumption can be saved significantly through green remodeling. Economic feasibility cannot be secured through the current green remodeling policy. It is important to establish an appropriate loan strategy according to cash flow. To achieve 2050 carbon-neutrality, green remodeling policy need to be improved. Directions to achieve 2050 carbon-neutrality were proposed besides financial policy.
Abstract To achieve carbon emission reduction target (CERT) by 2030 and carbon-neutrality in 2050, it is important to actively reduce the emission gap in the private building sector. However, the ongoing COVID-19 pandemic and the Russian-Ukraine war are threatening the green remodeling policy (GRP) worldwide. Therefore, this study analyzed energy consumption savings, GHG emission reduction, and net present value when applying green remodeling to a private building to predict whether or not the current GRP could achieve 2030 CERT and 2050 carbon-neutrality. The main findings are as follows. First, yearly electricity and gas consumption of 84.97 m2 type households can be reduced by 6.19% and 15.58% through green remodeling. Second, based on the energy saving, yearly GHG emission can be reduced about 0.34tCO2eq. Third, the economic feasibility of green remodeling cannot be achieved via the current policy, and NPV17 decreases up to USD-51,485 depending on the credit loan interest rate and the green remodeling interest subsidy program. In other words, it is difficult to reach 2030 CERT and 2050 carbon-neutrality via the current policy. Therefore, the South Korean government is required to reorganize financial policies, establish active systems, increase public awareness of the policy, and improve energy efficiency technology.
Energy-environmental-economic assessment of green retrofit policy to achieve 2050 carbon-neutrality in South Korea: Focused on residential buildings
https://orcid.org/0000-0001-9127-9243
https://orcid.org/0000-0001-5136-8276
https://orcid.org/0000-0002-8036-4204
https://orcid.org/0000-0001-5954-1889
Highlights Energy consumption can be saved significantly through green remodeling. Economic feasibility cannot be secured through the current green remodeling policy. It is important to establish an appropriate loan strategy according to cash flow. To achieve 2050 carbon-neutrality, green remodeling policy need to be improved. Directions to achieve 2050 carbon-neutrality were proposed besides financial policy.
Abstract To achieve carbon emission reduction target (CERT) by 2030 and carbon-neutrality in 2050, it is important to actively reduce the emission gap in the private building sector. However, the ongoing COVID-19 pandemic and the Russian-Ukraine war are threatening the green remodeling policy (GRP) worldwide. Therefore, this study analyzed energy consumption savings, GHG emission reduction, and net present value when applying green remodeling to a private building to predict whether or not the current GRP could achieve 2030 CERT and 2050 carbon-neutrality. The main findings are as follows. First, yearly electricity and gas consumption of 84.97 m2 type households can be reduced by 6.19% and 15.58% through green remodeling. Second, based on the energy saving, yearly GHG emission can be reduced about 0.34tCO2eq. Third, the economic feasibility of green remodeling cannot be achieved via the current policy, and NPV17 decreases up to USD-51,485 depending on the credit loan interest rate and the green remodeling interest subsidy program. In other words, it is difficult to reach 2030 CERT and 2050 carbon-neutrality via the current policy. Therefore, the South Korean government is required to reorganize financial policies, establish active systems, increase public awareness of the policy, and improve energy efficiency technology.
Energy-environmental-economic assessment of green retrofit policy to achieve 2050 carbon-neutrality in South Korea: Focused on residential buildings
https://orcid.org/0000-0001-9127-9243
https://orcid.org/0000-0001-5136-8276
https://orcid.org/0000-0002-8036-4204
https://orcid.org/0000-0001-5954-1889
Highlights Energy consumption can be saved significantly through green remodeling. Economic feasibility cannot be secured through the current green remodeling policy. It is important to establish an appropriate loan strategy according to cash flow. To achieve 2050 carbon-neutrality, green remodeling policy need to be improved. Directions to achieve 2050 carbon-neutrality were proposed besides financial policy.
Abstract To achieve carbon emission reduction target (CERT) by 2030 and carbon-neutrality in 2050, it is important to actively reduce the emission gap in the private building sector. However, the ongoing COVID-19 pandemic and the Russian-Ukraine war are threatening the green remodeling policy (GRP) worldwide. Therefore, this study analyzed energy consumption savings, GHG emission reduction, and net present value when applying green remodeling to a private building to predict whether or not the current GRP could achieve 2030 CERT and 2050 carbon-neutrality. The main findings are as follows. First, yearly electricity and gas consumption of 84.97 m2 type households can be reduced by 6.19% and 15.58% through green remodeling. Second, based on the energy saving, yearly GHG emission can be reduced about 0.34tCO2eq. Third, the economic feasibility of green remodeling cannot be achieved via the current policy, and NPV17 decreases up to USD-51,485 depending on the credit loan interest rate and the green remodeling interest subsidy program. In other words, it is difficult to reach 2030 CERT and 2050 carbon-neutrality via the current policy. Therefore, the South Korean government is required to reorganize financial policies, establish active systems, increase public awareness of the policy, and improve energy efficiency technology.
Energy-environmental-economic assessment of green retrofit policy to achieve 2050 carbon-neutrality in South Korea: Focused on residential buildings
An, Jongbaek (author) / Jung, Dahyun (author) / Jeong, Kwangbok (author) / Ji, Changyoon (author) / Hong, Taehoon (author) / Lee, Jaewook (author) / Kapp, Sean (author) / Choi, Junki (author)
Energy and Buildings ; 289
2023-04-06
Article (Journal)
Electronic Resource
English
Strategies and Actions for Achieving Carbon Neutrality in Portuguese Residential Buildings by 2050
| DOAJ | 2023
Preliminary assessment of preconditions to deliver carbon neutrality in apartment buildings by 2050
| DOAJ | 2020
Comparative analysis of low-energy buildings to help achieve carbon neutrality technology
| DOAJ | 2021