Papachristos, George;
(2018)
The low carbon transition in the UK building sector must make financial sense: a hybrid system dynamics bottom up modelling framework.
In:
Record of the 36th International Conference of the System Dynamics Society 2018.
System Dynamics Society: Reykjavík, Iceland.
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Abstract
The building sector contributes significantly to global energy consumption and CO2 emissions. It is urgent to reduce them through the retrofit of existing buildings and improved new building designs. The investments for energy saving retrofits in public and private sector buildings must make financial sense and have an attractive return on investment. The diffusion of related energy performance contracts is instrumental in improving the performance of the building stock. This paper develops a hybrid bottom up and system dynamics modelling framework to assess the energy savings potential and related changes in Indoor Environmental Quality of building archetypes that are representative of the total office stock. The bottom up modelling is used to provide estimates of potential energy savings. This serves as input to the system dynamics diffusion model which is developed to assess the diffusion potential of environmental performance contracts. The framework will provide the basis for scenario and policy analysis.
| Type: | Proceedings paper |
|---|---|
| Title: | The low carbon transition in the UK building sector must make financial sense: a hybrid system dynamics bottom up modelling framework |
| Event: | ISDC 2018, 36th International Conference of the System Dynamics Society, 6-10 August 2018, Reykjavík, Iceland |
| Location: | Reykjavik |
| Dates: | 06 August 2018 - 10 August 2018 |
| ISBN-13: | 978-1-5108-7384-1 |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | https://systemdynamics.org/wp-content/uploads/asse... |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | Energy performance contracts, diffusion, low-carbon transition |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment |
| URI: | https://discovery-pp.ucl.ac.uk/id/eprint/10055019 |
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