How to promote carbon emission reduction in buildings? Evolutionary analysis of government regulation and financial investment

Journal article


Wang, W., Hao, S., Zhong, H. and Sun, Z. (2024). How to promote carbon emission reduction in buildings? Evolutionary analysis of government regulation and financial investment. Journal of Building Engineering. 89, p. 109279. https://doi.org/10.1016/j.jobe.2024.109279
AuthorsWang, W., Hao, S., Zhong, H. and Sun, Z.
Abstract

Buildings account for a significant portion of global carbon emissions, necessitating strategies to accelerate decarbonisation in the construction sector. This research aims to analyse the behavioural strategies and interactions among governments, construction enterprises, and financial institutions in promoting building carbon emission reduction (CER) through an integrated regulatory and market-driven approach. A novel three-party evolutionary game model is developed that incorporates government regulation policies, the profit-driven nature of construction enterprises, and the investment incentives of financial institutions. Numerical simulations using MATLAB were performed to evaluate the dynamic replication and evolutionary stabilities of stakeholder strategies under different scenarios. Residential project M in Beijing was chosen as a realistic environment for simulation and analysis. The results demonstrate that stringent government regulation can incentivize financial institutions to increase their investments in CER initiatives. However, construction enterprises may still resist decarbonisation efforts if the costs outweigh the economic benefits. A two-pronged approach combining “command-and-control” regulation and “market-facilitation” interventions is proposed to effectively align stakeholder interests. This study provides valuable insights into leveraging both regulatory instruments and market-based incentives to drive the transition towards sustainable construction practises. Policy recommendations are offered to create an enabling environment that encourages the active participation of all stakeholders in achieving net-zero emission targets for buildings. The novelty lies in the development of an integrated tripartite evolutionary game framework that coherently captures the dynamics among regulators, industry players, and financial institutions, thus supporting low-carbon policymaking in the construction domain.

KeywordsCarbon emission reduction; Government regulation; Construction enterprises; Market intervention; Evolutionary game; Numerical simulation
Year2024
JournalJournal of Building Engineering
Journal citation89, p. 109279
PublisherElsevier
ISSN2352-7102
Digital Object Identifier (DOI)https://doi.org/10.1016/j.jobe.2024.109279
Web address (URL)https://www.sciencedirect.com/science/article/pii/S2352710224008477?via%3Dihub
Publication dates
Online12 May 2024
Publication process dates
Accepted09 Apr 2024
Deposited05 Jun 2024
Publisher's version
License
File Access Level
Open
Permalink -

https://openresearch.lsbu.ac.uk/item/97590

Download files


Publisher's version
1-s2.0-S2352710224008477-main.pdf
License: CC BY 4.0
File access level: Open

  • 11
    total views
  • 4
    total downloads
  • 1
    views this month
  • 0
    downloads this month

Export as

Related outputs

Advancements in smoke control strategies for metro tunnel cross-passage: A theoretical and numerical study on critical velocity and driving force
Su, Z., Li, Y., Zhong, H., Li, J., Guo, Z., Yang, X. and Yang, S. (2024). Advancements in smoke control strategies for metro tunnel cross-passage: A theoretical and numerical study on critical velocity and driving force. Tunnelling and Underground Space Technology. 147, p. 105734. https://doi.org/10.1016/j.tust.2024.105734
Numerical simulation and optimisation design for ventilation and heat dissipation in high-temperature and high-load indoor substations
Chen, H., Zhang, H., Wu, S., Liu, Y. and Zhong, H. (2024). Numerical simulation and optimisation design for ventilation and heat dissipation in high-temperature and high-load indoor substations. Case Studies in Thermal Engineering. 59, p. 104502. https://doi.org/10.1016/j.csite.2024.104502
Optimizing air inlet designs for enhanced natural ventilation in indoor substations: A numerical modelling and CFD simulation study
Zhang, H., Wang, L., Yang, P., Liu, Y., Zhu, C., Wang, L. and Zhong, H. (2024). Optimizing air inlet designs for enhanced natural ventilation in indoor substations: A numerical modelling and CFD simulation study. Case Studies in Thermal Engineering. 59, p. 104408. https://doi.org/10.1016/j.csite.2024.104408
Prioritising Actions for Improving Classroom Air Quality Based on the Analytic Hierarchy Process: Case Studies in China and the UK
Shu, Z., Yuan, F., Wang, J., Li, B., Shahrestani, M., Essah, E., Awbi, H., Holland, M., Fang, F., Pain, C., Kumar, P., Zhong, H., Short, A., Linden, P. and Yao, R. (2024). Prioritising Actions for Improving Classroom Air Quality Based on the Analytic Hierarchy Process: Case Studies in China and the UK. Indoor Air. 2024, pp. 1-18. https://doi.org/10.1155/2024/5531325
Performance evaluation of solar chimney in tunnel for passive ventilation and smoke exhaustion: A numerical approach
Huang, Y., Wang, B., Shi, L., Zhong, H. and Dong, B. (2024). Performance evaluation of solar chimney in tunnel for passive ventilation and smoke exhaustion: A numerical approach. Applied Thermal Engineering. 238, p. 122227. https://doi.org/10.1016/j.applthermaleng.2023.122227
An investigation into the efficacy of the pulse method of airtightness testing in new build and Passivhaus properties
Seddon, H. and Zhong, H. (2023). An investigation into the efficacy of the pulse method of airtightness testing in new build and Passivhaus properties. Energy and Buildings. 295, p. 113270. https://doi.org/10.1016/j.enbuild.2023.113270
Evaluating the combustion and flame extension characteristics of cable fire in utility tunnels with spontaneous combustion scenarios: An experimental study
Xu, D., Li, Y., Li, J., Zhong, H., Li, J., Tu, D. and Huang, Y. (2023). Evaluating the combustion and flame extension characteristics of cable fire in utility tunnels with spontaneous combustion scenarios: An experimental study. Tunnelling and Underground Space Technology. 140, p. 105244. https://doi.org/10.1016/j.tust.2023.105244
Enhancing solar chimney performance in urban tunnels: Investigating the impact factors through experimental and theoretical model analysis
Huang, Y., Liu, X., Shi, L., Dong, B. and Zhong, H. (2023). Enhancing solar chimney performance in urban tunnels: Investigating the impact factors through experimental and theoretical model analysis. Energy. 282, p. 128329. https://doi.org/10.1016/j.energy.2023.128329
Research on the design and application of capillary heat exchangers for heat pumps in coastal areas
Bai, Z., Li, Y., Zhang, J., Fewkes, A. and Zhong, H. (2021). Research on the design and application of capillary heat exchangers for heat pumps in coastal areas. Building Services Engineering Research and Technology. 42 (3), pp. 333-348. https://doi.org/10.1177/01436244211001497