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Most green buildings cost a premium of <2%, but yield 10 times as much over the entire life of the building. [65] In regards to the financial benefits of green building, "Over 20 years, the financial payback typically exceeds the additional cost of greening by a factor of 4-6 times. And broader benefits, such as reductions in greenhouse gases ...
Furthermore, building codes often fail to accommodate more innovative approaches to promoting green design, such as conserving energy, reducing waste, and improving air quality – some of which may be more cost-effective than the methods prescribed by the code. [19]
The proposal for a revised directive on the EPBD (COM/2016/0765) puts energy efficiency first and supports cost-effective building renovation. [6] The proposal updated the EPBD through: [ 7 ] The incorporation of long-term building renovation strategies (Article of 4 Energy Efficiency Directive), the support to mobilise finance and a clear ...
IEA recognize the building sector as one of the most cost effective sector where energy consumption can be reduced. It is estimated that the energy consumption can be reduced to 1509 million tonnes of equivalent (Mtoe) and at the same time it will cause to reduce the green house gases production up to 12.6 gigatonnes (Gt) by 2050. [ 5 ]
A 2012 study by the American Council for an Energy-Efficient Economy found that multifamily buildings present a tremendous opportunity for energy savings. Comprehensive, cost-effective upgrades in multifamily buildings could improve efficiency by 15-30%, the Council found, representing an annual sector-wide savings of almost US$3.4 billion. [2]
An important and cost-effective element of an efficient heating, ventilation, and air conditioning (HVAC) system is a well-insulated building. A more efficient building requires less heat generating or dissipating power, but may require more ventilation capacity to expel polluted indoor air .