Exploring transaction costs in passive house-oriented retrofitting

Research output: Chapter in Book/Report/Conference proceedingPaper in conference proceeding

Abstract

In order to tap the energy saving and climate mitigation potential of the building sector, transaction costs of implementing energy efficient technologies need to be better understood and ultimately reduced. The objective of this paper is to identify and analyze the nature and scale of transaction costs resulting from the application of the passive house concept in energy efficient renovations. Related conceptual choices are also discussed. Our study explores measures to promote learning and knowledge development as potential strategies to reduce transaction costs. It focuses on transaction costs borne by building owners and building developers in the planning and implementation phases of a passive house-oriented renovation in Sweden. Results reveal three main sources of transaction costs: due diligence, negotiations and monitoring. The analysis shows that transaction costs are non-negligible, and for individual cost sources the scale can be 200% higher than for conventional renovations. To reduce transaction costs, various strategies such as study visits, demonstration projects, new forms of meetings and new channels of (written) information were found.

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Research areas and keywords

Subject classification (UKÄ) – MANDATORY

  • Social Sciences Interdisciplinary

Keywords

  • Transaction costs, Energy efficiency, Passive house
Original languageEnglish
Title of host publication[Host publication title missing]
PublisherInternational Association for Energy Economics
Number of pages17
Publication statusPublished - 2014
Publication categoryResearch
Peer-reviewedYes
Event14th International Association for Energy Economics (IAEE) European Conference - Rome, Italy
Duration: 2014 Oct 282014 Oct 31

Conference

Conference14th International Association for Energy Economics (IAEE) European Conference
CountryItaly
CityRome
Period2014/10/282014/10/31

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