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Cost of energy efficient building highly overestimated by construction sector
27-08-2007

Property professionals highly overestimate the cost of constructing energy-efficient buildings, by up to 300 per cent. A recent survey by the World Business Council for Sustainable Development (WBCSD ) amongst 1,400 individuals active in the property industry reveals that most property professionals assume that energy efficient building means spending around 17 per cent more on materials and construction. This is more than three times the actual extra costs involved, according to the WBSCD. Building “green” is of great importance, since buildings account for some 40 per cent of the EU's final energy consumption.
"Key players in real estate and construction misjudge the costs and benefits of 'green' buildings, creating a major barrier to more energy efficiency in the building sector," according to the WBCSD, a CEO-led grouping of 200 multinational corporations.
According to the study, among member states, Germany has the highest involvement of building professionals in green building projects, followed by Spain and France.
The Commission estimates that proper implementation of EU legislation to improve energy efficiency in buildings "will permit a gain estimated at some 40 Mtoe (Megatons of oil equivalent) between now and 2020". But most member states have delayed implementation of the Energy Performance of Buildings Directive, citing a lack of professionals qualified to produce the building energy certificates required by the Directive.

Source: EurActiv

Links
Visit the WBSCD website
Files
Download the study ‘Energy Efficiency in Buildings’ (PDF, Eng, 1.9 MB)


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