On Financing of Urban Transition Viewed from the Oresund Area: When the Political Agenda of Urban Transition Meets the Market

Karin Haldrup and David Snällfot
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Karin Haldrup: Aalborg University, A. C. Meyers Vænge 15, DK 2450 Copenhagen, Denmark
David Snällfot: University of Gävle, Kungsbäcksvägen 47, SE-801 76 Gävle, Sweden

Sustainability, 2014, vol. 6, issue 12, 1-23

Abstract: The “urban transition” agenda is as a conglomerate of ambitions derived from international policy documents and as applied in the Oresund area. Encompassing locally set goals for (i) climate change mitigation; (ii) energy efficiency; and (iii) human wellbeing in the built environment. Its implementation is largely dependent on private sector joining in, since transitioning the building stock is to be financed by the market. This paper explores strategies to meet this agenda in the Oresund area. A particular focus is on the refurbishment of multi-family housing relative to these set goals. The paper finds meaningful differences between Denmark and Sweden. In general, exceptionally high energy standards come at an additional cost that is likely to be incompatible with rational economic behavior. Furthermore, actions appropriate for one goal are likely to have modest effects on ancillary goals. The paper concludes by suggesting to revisit current strategies in the Oresund area to reflect market constraints and to promote more coherent ways to achieve the set goals.

Keywords: urban transition; CO 2; climate plans; refurbishing; economic sustainability (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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