Rethinking investment planning and optimizing net zero emission buildings.

Increased awareness of climate change has precipitated more stringent mitigation targets. Public sector institutions in Canada are committed to becoming carbon neutral to attain a leadership position in climate change mitigation-related initiatives. Recent statistics reveal that buildings account for the majority of the corporate carbon footprint of public sector institutions. Hence, there is an increasing interest towards developing net zero energy and net zero emission buildings to comply with climate action targets. With limited financial resources, public sector institutions must optimize investments into building energy retrofits by considering lifecycle cost (LCC), overall energy performance, and related greenhouse gas (GHG) emission. The aim of this paper is to develop an investment planning approach for net zero emission buildings (NZEB). First, an investment planning approach for NZEB is proposed. A typical recreational centre building in British Columbia, Canada, was used as the archetype to demonstrate the concept. Second, innovative and proven building energy retrofits were analysed using energy simulation software to assess the impact on energy consumption reduction, GHG emissions, and LCC. Third, impacts of geographical location, tariff regimes, and grid emission factors on energy retrofits were studied by locating the same building in other provinces of Canada. This study revealed that net zero energy investment has a strong correlation to the grid emission factor. The proposed approach in this paper will assist building managers and owners in retrofitting and budget planning. [ABSTRACT FROM AUTHOR]