A Financing Model to Solve Financial Barriers for Implementing Green Building Projects
Joint Authors
Lee, Sanghyo
Lee, Baekrae
Kim, Juhyung
Kim, Jaejun
Source
Issue
Vol. 2013, Issue 2013 (31 Dec. 2013), pp.1-10, 10 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2013-11-24
Country of Publication
Egypt
No. of Pages
10
Main Subjects
Medicine
Information Technology and Computer Science
Abstract EN
Along with the growing interest in greenhouse gas reduction, the effect of greenhouse gas energy reduction from implementing green buildings is gaining attention.
The government of the Republic of Korea has set green growth as its paradigm for national development, and there is a growing interest in energy saving for green buildings.
However, green buildings may have financial barriers that have high initial construction costs and uncertainties about future project value.
Under the circumstances, governmental support to attract private funding is necessary to implement green building projects.
The objective of this study is to suggest a financing model for facilitating green building projects with a governmental guarantee based on Certified Emission Reduction (CER).
In this model, the government provides a guarantee for the increased costs of a green building project in return for CER.
And this study presents the validation of the model as well as feasibility for implementing green building project.
In addition, the suggested model assumed governmental guarantees for the increased cost, but private guarantees seem to be feasible as well because of the promising value of the guarantee from CER.
To do this, certification of Clean Development Mechanisms (CDMs) for green buildings must be obtained.
American Psychological Association (APA)
Lee, Sanghyo& Lee, Baekrae& Kim, Juhyung& Kim, Jaejun. 2013. A Financing Model to Solve Financial Barriers for Implementing Green Building Projects. The Scientific World Journal،Vol. 2013, no. 2013, pp.1-10.
https://search.emarefa.net/detail/BIM-1011751
Modern Language Association (MLA)
Lee, Sanghyo…[et al.]. A Financing Model to Solve Financial Barriers for Implementing Green Building Projects. The Scientific World Journal No. 2013 (2013), pp.1-10.
https://search.emarefa.net/detail/BIM-1011751
American Medical Association (AMA)
Lee, Sanghyo& Lee, Baekrae& Kim, Juhyung& Kim, Jaejun. A Financing Model to Solve Financial Barriers for Implementing Green Building Projects. The Scientific World Journal. 2013. Vol. 2013, no. 2013, pp.1-10.
https://search.emarefa.net/detail/BIM-1011751
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1011751