EconPapers    
Economics at your fingertips  
 

Incorporating External Effects into Project Sustainability Assessments: The Case of a Green Campus Initiative Based on a Solar PV System

Heng Shue Teah, Qinyu Yang, Motoharu Onuki and Heng Yi Teah
Additional contact information
Heng Shue Teah: Graduate Program in Sustainability Science—Global Leadership Initiative (GPSS-GLI), Division of Environmental Studies, Graduate School of Frontier Sciences, The University of Tokyo, 332 Building of Environmental Studies, 5-1-5 Kashiwanoha, Kashiwa City, Chiba 277-8563, Japan
Qinyu Yang: Graduate Program in Sustainability Science—Global Leadership Initiative (GPSS-GLI), Division of Environmental Studies, Graduate School of Frontier Sciences, The University of Tokyo, 332 Building of Environmental Studies, 5-1-5 Kashiwanoha, Kashiwa City, Chiba 277-8563, Japan
Motoharu Onuki: Graduate Program in Sustainability Science—Global Leadership Initiative (GPSS-GLI), Division of Environmental Studies, Graduate School of Frontier Sciences, The University of Tokyo, 332 Building of Environmental Studies, 5-1-5 Kashiwanoha, Kashiwa City, Chiba 277-8563, Japan
Heng Yi Teah: Waseda Research Institute for Science and Engineering, Waseda University, 3-4-1 Okubo, Shinjuku-ku, Tokyo 169-8555, Japan

Sustainability, 2019, vol. 11, issue 20, 1-13

Abstract: We demonstrated that a green campus initiative can reduce the carbon footprint of a university and improve the disaster resilience of the local community. A project sustainability assessment framework was structured to support the initiative. First, an on-campus solar photovoltaic (PV) system was designed. The project performance in terms of financial cost and greenhouse gas (GHG) emissions was assessed using life cycle cost analysis (LCC) and a life cycle assessment (LCA), respectively. Then, we explored the incorporation of positive social impacts on the local community in the context of natural disaster-prone Japan. Indicators for improving the disaster resilience of the residents were defined based on the Sendai Framework. Our results showed that the proposed solar PV system could provide an electricity self-sufficiency rate of 31% for the campus. Greenhouse gas emissions of 0.0811 kg CO 2 -eq/kWh would decrease the annual emissions from campus electricity use by 27%. Considering the substituted daytime electricity purchase, a payback period of 12.9 years was achievable. This solar PV system could serve as an emergency power source to 4666–8454 nearby residents and 8532 smart city residents. This external effect would encourage stakeholders like local government and developers to participate in the project.

Keywords: project sustainability assessment; LCA; LCC; solar photovoltaic; renewable energy system; green campus; external effect; disaster resilience; Sendai Framework (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://www.mdpi.com/2071-1050/11/20/5786/pdf (application/pdf)
https://www.mdpi.com/2071-1050/11/20/5786/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:11:y:2019:i:20:p:5786-:d:277942

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().

 
Page updated 2025-03-19
Handle: RePEc:gam:jsusta:v:11:y:2019:i:20:p:5786-:d:277942