Counting the True Cost of Carbon to Make the Case for Deep Energy Retrofits
There is considerable debate about the relative benefits of electrification with heat pumps and envelope improvements. It has been suggested that Deep Energy Retrofits (DERs) are impractical & not cost effective. However, when an accurate Social Cost of Carbon is considered, DERs begin to look much more financially feasible. We apply a systems thinking lens to explore how carbon emissions are valued. We will present two multifamily DER examples to show the operational and embodied carbon reduction potential.
Session Speaker(s):
Session Chair(s):
Event Time:
Thursday, October 24, 2024 - 12:00pm to 1:00pm
Room / Location:
The Forum
CEU Information:
Approved for 1 credit hour toward AIA (LU), BOC, BPI, NAHB, NARI, Phius, and RESNET certification.
Learning Objectives:
- Analyze and critique the barriers to Deep Energy Retrofits in conventional cost-benefit calculations
- Use systems thinking concepts to reveal limitations in our current economic assessments and to leverage change
- Describe the Social Cost of Carbon valuation process and how it can shift cost calculations for carbon mitigation measures such as DERs
- Assess current carbon valuation trading mechanisms and how they may be leveraged to support DERs
Session ID:
NYC24-126
