Real estate and sustainable construction: Private perspectives for progress in energy regulation of a liberalised market

Felipe Encinas, Carlos Aguirre, Carlos Marmolejo

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

1 Scopus citations

Abstract

In real estate markets such as Santiago de Chile where energy efficiency certificates are not mandatory, incorporating solutions that respond to the growing demand for sustainability entails a natural tension between their acceptance as necessary measures and the way they are addressed by the market. Under this mechanism, the market has introduced housing features that are communicated individually through real estate marketing. Energy efficient elements are more commonly seen in higher-end homes, where they are treated as standard features, while they are still considered innovations at the lower end of the housing market. However, it has been shown that energy efficient features decline in relative importance over time, ceasing to be considered marks of distinction. In contrast, energy efficiency certification shows great potential for generating a proposal to create sustainable value over time, particularly due to its ability to objectively communicate a buildings' energy performance. This suggests that this model should be reviewed from a public policy perspective, with the understanding that the current voluntary standards must compete with other features, in addition to improving the minimum required standards.

Original languageEnglish
Title of host publicationProceedings of 33rd PLEA International Conference
Subtitle of host publicationDesign to Thrive, PLEA 2017
EditorsLuisa Brotas, Sue Roaf, Fergus Nicol
PublisherNCEUB 2017 - Network for Comfort and Energy Use in Buildings
Pages4795-4802
Number of pages8
ISBN (Electronic)9780992895754
StatePublished - 2017
Externally publishedYes
Event33rd International on Passive and Low Energy Architecture Conference: Design to Thrive, PLEA 2017 - Edinburgh, United Kingdom
Duration: 20172017

Publication series

NameProceedings of 33rd PLEA International Conference: Design to Thrive, PLEA 2017
Volume3

Conference

Conference33rd International on Passive and Low Energy Architecture Conference: Design to Thrive, PLEA 2017
Country/TerritoryUnited Kingdom
CityEdinburgh
Period02/07/1705/07/17

Bibliographical note

Publisher Copyright:
© Copyright 2017 NCEUB.

ASJC Scopus subject areas

  • Energy Engineering and Power Technology
  • Renewable Energy, Sustainability and the Environment

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