This paper classifies green envelopes as green roofs and green walls according to effective factors, which were derived from literature to compare the green envelopes’ thermal and energy performance in a more effective way. For this purpose, an extensive literature review was carried out by searching keywords in databases and studying related journal papers and articles. The research meth...

We investigate the conditional interest rate risk premium in Treasury bill futures returns. A one-factor model predicts that the premium depends on the conditional variance. An Intertemporal CAPM based two-factor model predicts that it also depends on conditional covariance with the equity premium. Univariate and bivariate Integrated GARCH-in-Mean models suggest that the premium relates positiv...

Research on climate change suggests that small improvements in the “sustainability” of buildings can have large effects on greenhouse gas emissions and on energy efficiency in the economy. This paper analyzes the economics of “green” building. First, we analyze a panel of office buildings certified by independent rating agencies, finding that large recent increases in the supply of green buildi...

This paper aims to extend the existing evidence on the investment value of green buildings to international markets, specifically the residential market in Japan. Using a unique transaction database of condominiums in the Tokyo metropolitan area and a hedonic analytical framework, we find that green buildings command a small but significant premium on both the asking and transaction prices. Thi...

Development which is less attention to the environment, inefficient use of energy as well as the increasingly dense city make space for the concept of green building to grow even more in Indonesia . The purpose of this study was to determine the extent to which the implementation of green building principles in commercial buildings. There are three buildings complexes that were examined in this...