How do office buildings take advantage of energy efficiency? A study of the relationship between operating expenses and energy certification

Nikodem Szumilo

International Journal of Environmental Technology and Management, 2015, vol. 18, issue 2, 116-135

Abstract: This research examines the relationship of operating expenses and energy certification in US offices. Data for four markets over a period from Q1 2007 to Q1 2011 is used. EnergyStar certification scores are used to determine the level of energy efficiency and a hedonic pricing method to model operating expenses. The results indicate a positive but non-linear relationship between costs and efficiency. Out of a number of considered explanations this seems to be best explained by initial technological difficulties in implementing energy efficiency, a self-selection bias influencing the data or a combination of different effects.

Keywords: energy efficiency; operating expenses; corporate sustainability; green real estate; low-energy office buildings; sustainable finance; sustainable strategies; strategy implementation; sustainable consumer behaviour; green buildings; energy certification; sustainable development; USA; United States; hedonic pricing. (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijetma:v:18:y:2015:i:2:p:116-135

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