碳风险房地产监测:使房地产行业的脱碳可测量

IF 1.3 Q3 BUSINESS, FINANCE Journal of European Real Estate Research Pub Date : 2020-07-24 DOI:10.1108/jerer-05-2020-0031
M. Spanner, J. Wein
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引用次数: 3

摘要

本文的目的是研究碳风险房地产监测(CRREM工具)的功能和有效性。该项目得到了欧盟“地平线2020”研究和创新计划的支持,旨在开发一种被广泛接受的工具,为投资者和其他利益相关者提供评估搁浅风险的可靠基础。该工具通过利用基于科学的脱碳途径,计算给定资产或投资组合的年度碳排放量(基线排放量),并评估搁浅风险。为了考虑持续的气候变化,该工具考虑了电网脱碳的影响,以及加热和冷却度天数的发展。本文提供了特定物业的碳排放路径,以及对最先进的碳风险评估和管理措施的宝贵见解,从而为低碳建筑存量铺平了道路。考虑资产上进一步选定的风险指标(如温室气体排放成本)和总体水平(如处于风险中的碳价值)。本文中描述的方法可以作为实现与其他国家相关的增强工具的模型,从而形成一种全球适用的工具,用于评估商业房地产部门的搁浅风险。房地产行业受到气候变化的下行风险的威胁,导致潜在的货币损失和资产减记。因此,这种方法使利益相关者能够根据能源和排放数据评估其资产面临的搁浅风险。CRREM工具减少了投资者的不确定性,为搁浅风险和改造规划的投资决策提供了可行的基础。该方法开创了一种方式,为投资者提供基于科学脱碳途径的深刻搁浅风险评估。
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Carbon risk real estate monitor: making decarbonisation in the real estate sector measurable
The purpose of this paper is to investigate the functionality and effectiveness of the Carbon Risk Real Estate Monitor (CRREM tool). The aim of the project, supported by the European Union’s Horizon 2020 research and innovation program, was to develop a broadly accepted tool that provides investors and other stakeholders with a sound basis for the assessment of stranding risks.,The tool calculates the annual carbon emissions (baseline emissions) of a given asset or portfolio and assesses the stranding risks, by making use of science-based decarbonisation pathways. To account for ongoing climate change, the tool considers the effects of grid decarbonisation, as well as the development of heating and cooling-degree days.,The paper provides property-specific carbon emission pathways, as well as valuable insight into state-of-the-art carbon risk assessment and management measures and thereby paves the way towards a low-carbon building stock. Further selected risk indicators at the asset (e.g. costs of greenhouse gas emissions) and aggregated levels (e.g. Carbon Value at Risk) are considered.,The approach described in this paper can serve as a model for the realisation of an enhanced tool with respect to other countries, leading to a globally applicable instrument for assessing stranding risks in the commercial real estate sector.,The real estate industry is endangered by the downside risks of climate change, leading to potential monetary losses and write-downs. Accordingly, this approach enables stakeholders to assess the exposure of their assets to stranding risks, based on energy and emission data.,The CRREM tool reduces investor uncertainty and offers a viable basis for investment decision-making with regard to stranding risks and retrofit planning.,The approach pioneers a way to provide investors with a profound stranding risk assessment based on science-based decarbonisation pathways.
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来源期刊
CiteScore
3.10
自引率
7.70%
发文量
18
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