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Conference Paper: Challenges and opportunities of low or zero carbon building: prospects of business models

TitleChallenges and opportunities of low or zero carbon building: prospects of business models
Authors
KeywordsLow or zero carbon building
Business models
Socio-technical
PESTEL analysis
Systems approach
Issue Date2013
PublisherInternational Council for Research and Innovation in Building and Construction.
Citation
The 2013 CIB World Building Congress, Brisbane, Australia, 5-9 May 2013. In Energy and the Built Environment Proceedings, 2013, p. 144-155 How to Cite?
AbstractThere is an emerging consensus amongst governments, business sectors and civil societies regarding the urgent need to address the multiple challenges of climate change, environmental pollution, resource depletion and economic instability. The building and construction sector has been identified with the most opportunities for cost-effectively reducing carbon emissions. However, although business opportunities have been identified for low or zero carbon building (L/ZCB), L/ZCBs are generally perceived as more expensive and challenging than conventional buildings. Also, L/ZCBs are often addressed solely from their technological and environmental perspectives, while important economic and sociocultural aspects have been overlooked or examined implicitly. This paper aims to contribute to the knowledge of the challenges and opportunities of L/ZCB in a systems manner, and to explore how business models can help construction organisations address the former and maximise the latter. The research was carried out through the combination of a comprehensive literature review and case study with a large construction organisation which played a significant role in the UK and internationally. The examination of the challenges and opportunities employed the PESTEL analysis framework (Political, Economic, Sociocultural, Technological, Environmental and Legal). The case study included a desk study, observations, meetings and personal interviews with senior business and sustainability managers of the company. The results suggest the imperative role of business models for L/ZCB developments. Establishing and innovating business models were considered to present an opportunity for the company to sharpen their competitive edge in the market. A wide take-up of business models of L/ZCBs among construction firms was perceived to fit well the building industry's socio-technical system in addressing the multiple challenges.
DescriptionCIB Publication 382: Selected papers presented at the CIB World Building Congres Construction and Society, Brisbane 5-9 May 2013
Papers from the Designated Session TG66 - Energy and the Built Environment
Persistent Identifierhttp://hdl.handle.net/10722/190259

 

DC FieldValueLanguage
dc.contributor.authorPan, Wen_US
dc.contributor.authorMaxey, Len_US
dc.date.accessioned2013-09-17T15:16:58Z-
dc.date.available2013-09-17T15:16:58Z-
dc.date.issued2013en_US
dc.identifier.citationThe 2013 CIB World Building Congress, Brisbane, Australia, 5-9 May 2013. In Energy and the Built Environment Proceedings, 2013, p. 144-155en_US
dc.identifier.urihttp://hdl.handle.net/10722/190259-
dc.descriptionCIB Publication 382: Selected papers presented at the CIB World Building Congres Construction and Society, Brisbane 5-9 May 2013-
dc.descriptionPapers from the Designated Session TG66 - Energy and the Built Environment-
dc.description.abstractThere is an emerging consensus amongst governments, business sectors and civil societies regarding the urgent need to address the multiple challenges of climate change, environmental pollution, resource depletion and economic instability. The building and construction sector has been identified with the most opportunities for cost-effectively reducing carbon emissions. However, although business opportunities have been identified for low or zero carbon building (L/ZCB), L/ZCBs are generally perceived as more expensive and challenging than conventional buildings. Also, L/ZCBs are often addressed solely from their technological and environmental perspectives, while important economic and sociocultural aspects have been overlooked or examined implicitly. This paper aims to contribute to the knowledge of the challenges and opportunities of L/ZCB in a systems manner, and to explore how business models can help construction organisations address the former and maximise the latter. The research was carried out through the combination of a comprehensive literature review and case study with a large construction organisation which played a significant role in the UK and internationally. The examination of the challenges and opportunities employed the PESTEL analysis framework (Political, Economic, Sociocultural, Technological, Environmental and Legal). The case study included a desk study, observations, meetings and personal interviews with senior business and sustainability managers of the company. The results suggest the imperative role of business models for L/ZCB developments. Establishing and innovating business models were considered to present an opportunity for the company to sharpen their competitive edge in the market. A wide take-up of business models of L/ZCBs among construction firms was perceived to fit well the building industry's socio-technical system in addressing the multiple challenges.-
dc.languageengen_US
dc.publisherInternational Council for Research and Innovation in Building and Construction.-
dc.relation.ispartofEnergy and the Built Environment Proceedingsen_US
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.subjectLow or zero carbon building-
dc.subjectBusiness models-
dc.subjectSocio-technical-
dc.subjectPESTEL analysis-
dc.subjectSystems approach-
dc.titleChallenges and opportunities of low or zero carbon building: prospects of business modelsen_US
dc.typeConference_Paperen_US
dc.identifier.emailPan, W: wpan@hku.hken_US
dc.identifier.authorityPan, W=rp01621en_US
dc.description.naturepublished_or_final_version-
dc.identifier.hkuros221902en_US
dc.identifier.spage144-
dc.identifier.epage155-

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