FINANCING IN A SUSTAINABLE BUILDING PROCESS

Kaarin Taipale*

*Corresponding author for this work

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

Abstract

The paper analyzes financing as a tool to support more sustainable construction. The process of financing, commissioning, designing, constructing, using, operating, maintaining and refurbishing buildings is long and complex. Not only are several different actors going to be involved, but the owner, the user and the operator of a building do not automatically share the same priorities. In order to fulfil sustainability criteria, it is necessary to have input at several stages of the process, starting with the investor and ending up with the criteria for purchasing the services of the caretaker of the building.

The investment decisions made at the very beginning of the process may have greatest impact. However, several other points of the process can be identified, where the financial performance of a building is impacted by decisions that have also environmental and social implications. Investors face various risks, which have relevance for the sustainable construction perspective. Hence, into some decisions that used to be taken based. solely on financial merit, sustainability criteria are increasingly being introduced.

Original languageEnglish
Title of host publicationCESB 10: CENTRAL EUROPE TOWARDS SUSTAINABLE BUILDING - FROM THEORY TO PRACTICE
EditorsP Hajek, J Tywoniak, A Lupisek, J Ruzicka, K Sojkova
Pages685-688
Number of pages4
Publication statusPublished - 2010
MoE publication typeA4 Article in a conference publication
EventConference on Central Europe Towards Sustainable Building - Prague, Czech Republic
Duration: 1 Jun 20101 Jun 2010

Conference

ConferenceConference on Central Europe Towards Sustainable Building
CountryCzech Republic
CityPrague
Period01/06/201001/06/2010

Keywords

  • financing
  • building process
  • sustainability criteria
  • risks
  • equity

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