ABSTRACT
The building sector continues to play an essential role in reducing worldwide energy consumption. The reduced consumption is accompanied by stricter regulation for the thermotechnical design of the building envelope. The redefined nearly Zero Energy Building levels that will come into force for each member state will pressure designers to rethink the constructive details so that mandatory levels can be reached, without increasing the construction costs over an optimum level but at the same time reducing greenhouse gas emissions. The paper aims to illustrate the main conclusions obtained in assessing the thermo-energy performance of a steel-framed building representing a holistically designed modular laboratory located in a moderate continental temperate climate, characteristic of the south-eastern part of the Pannonian Depression with some sub-Mediterranean influences. An extensive numerical simulation of the main junctions was performed. The thermal performance was established in terms of the main parameters, the adjusted thermal resistances and global thermal insulation coefficient. Further on, the energy consumption for heating was established, and the associated energy rating was in compliance with the Romanian regulations. A parametric study was done to illustrate the energy performance of the investigated case in the five representative climatic zones from Romania. An important conclusion of the research indicates that an emphasis must be placed on the thermotechnical design of Light Steel Framed solutions against increased thermal bridge areas caused by the steel’s high thermal conductivity for all building components to reach nZEB levels. Nevertheless, the results indicate an exemplary behaviour compared to classical solutions, but at the same time, the need for an iterative redesign so that all thermo-energy performance indicators are achieved.
ABSTRACT
Extensive studies have examined the financial performance of green buildings in recent years. The results have frequently observed that the premium of green buildings is time-varying and dependent on the study period and markets being examined. Further, virtually no dedicated study has been devoted to examine the role of mandatory building energy rating disclosure policies on green building price premium. This raises the question of whether the mandatory energy rating disclosure policies would have an influence on the financial performance of green buildings. This study assesses the premium of green buildings by considering the role of mandatory energy efficiency of commercial building disclosure program (CBDP) using the MCSI/IPD NABERS data over 2005–2020. The results of the study showed that, in Australia, buildings with NABERS rating of 4 stars and above delivered a higher total return compared with buildings with lower NABERS ratings. This also supports the Freeman’s (1984) social impact hypothesis in which favorable social performance will ultimately lead to favorable financial performance. In addition, our empirical modelling results also demonstrated the premium of green buildings is stronger since the launch of CBDP, reflecting the importance of mandatory building efficiency disclosure. The policy implications of our studies have also been discussed as buildings play a crucial role in achieving the United Nations Sustainable Development Goals (SDGs), particularly net-zero carbon emissions.