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Cambridge Real Estate Research Centre

 
US Department of Energy workshop on green real estate economics

Dr Franz Fuerst, Reader in Housing and Real Estate Finance at the Department, participated in a workshop jointly hosted by the US Department of Energy and the Lawrence Berkeley National Laboratory that took place in Chapel Hill, North Carolina on 6th and 7th October.

The meeting involved experts from a range of disciplinary backgrounds sharing a research focus on sustainability in a real estate context. Dr Fuerst, the only non US-based expert invited to the event, described along with colleagues the challenges facing researchers in estimating the economic value of green retrofits and new construction in a fast-moving environment with limited access to proprietary and business-sensitive data. The second part of the workshop was dedicated to setting out an agenda for future research in this topic area yielding a number of propositions including the costing of energy efficiency and other sustainability in a building context as well as measuring the financial and environmental performance at multiple levels of aggregation.

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