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Incentive mechanism design for promoting high-level green buildings

机译：促进高级绿色建筑的激励机制设计

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Green building (GB) incentives help address the barriers in GB development. After years of practice, the GB market is becoming mature; thus, these incentives should be adjusted to adapt to the market transformation. However, adjusting incentives can affect stakeholders' motives and concerns, which in turn influence stakeholders' attitudes towards green buildings. Therefore, going back to the basics and understanding how an incentive scheme works before implementing any adjustment are important for policymakers. This study aims to reveal how incentive mechanism design affects stakeholders' choices of GB levels in tangible and intangible ways. The Gross Floor Area Concession Scheme implemented in Hong Kong is selected as a case study. Cost-benefit analysis, particularly transaction cost, and the analytical hierarchy process method are used to evaluate the costs and benefits in terms of monetary value and importance. Then, a causal loop diagram is constructed to explain the incentive mechanism. Results show that although actual costs and benefits are more important than hidden ones, transaction cost can be a decisive factor for selecting GB levels. Cost-benefit analysis with transaction cost considerations should be conducted to improve GB incentives. In addition, fast sales of high levels of GB can be a critical compensation for extra costs. Alternatives for improving incentives are also provided based on the findings. This study helps enrich the incentive mechanism for promoting high levels of GB. It provides empirical evidence on the magnitude of transaction cost and proves the soundness of conducting a holistic cost-benefit analysis by incorporating transaction cost.
机译：绿色建筑（GB）激励有助于解决GB开发的障碍。经过多年的实践，GB市场正在成熟;因此，应调整这些激励措施以适应市场转型。但是，调整激励措施可能会影响利益相关者的动机和关注，这反过来影响利益相关者对绿色建筑的态度。因此，回到基础知识并了解激励方案在实施任何调整之前如何运作，对于政策制定者来说是重要的。本研究旨在揭示激励机制设计如何在有形和无形的方式中影响利益相关者的GB水平。在香港实施的总楼层面积特许方案被选为案例研究。成本效益分析，特别是交易成本，以及分析层次处理方法用于评估货币价值和重要性方面的成本和益处。然后，构建因果环图以解释激励机制。结果表明，尽管实际成本和益处比隐藏的成本更重要，但交易成本可能是选择GB水平的决定性因素。应进行交易成本考虑的成本效益分析，以提高GB激励措施。此外，高水平GB的快速销售可能是额外成本的关键补偿。还基于调查结果提供了提高激励措施的替代方案。本研究有助于丰富促进高水平GB的激励机制。它提供了有关交易成本幅度的经验证据，并证明通过纳入交易成本进行整体成本效益分析的声音。

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