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Abstract The 21st Conference of the Parties (COP21) of the United Nations Framework Convention on Climate Change (UNFCCC) marked a milestone in the course of international efforts on global climate action. As part of the COP21 side events, on December 4th the Lima Paris Action Agenda presented a half-day of presentations and round table discussions titled Focus on Private Finance. The event was supported by the Secretary-General of the United Nation, Caisse des Depots, and the I4CE Institute for Climate Economics. This conference report summarizes the findings of the session and the messages delivered by finance industry representatives. Significant investment in low carbon assets is required to maintain global temperature increases below 2 °C. The two resounding themes throughout the session were that in order to attract capital for low carbon investments fossil fuel subsidies must end and a higher carbon price is needed to incentivise investment. Furthermore, accounting and regulatory bodies need to implement more stringent disclosure and reporting requirements so that climate risk is properly understood by investors. There is significant appetite for investment in the low carbon sector which is demonstrated by the growth in the green bond market. Financial institutions have a role to play in aggregating, structuring and de-risking investments to facilitate private finance investment. Policy makers also need to improve the investment environment by creating consistent and stable long term policies which will give investors' confidence.

Abstract The sustainable indicators are characterized by a low degree of aggregation and a high amount of information. An indicator must show a synthetic representation of a real environmental, by using a value or a parameter, so that they can be easily used by policy makers. It is necessary to connect, therefore, the various systems in an appropriately integrated sustainable system. The indicators need to be aggregated based on the structure of the data. Each indicator must to be defined through a weight with reference to another weighted indicator. In this paper is illustrated the calculation of the assigned weights that uses a procedure based on fuzzy logic and to define a model that allows us to estimate the sustainability of a city. The final result is, therefore, a combination of values assigned by expert opinion for the various criteria, processed using fuzzy logic to obtain a weight with significant objectivity and as it is possible to estimate the sustainability of the city through the weights.

Abstract In recent years, distributed energy systems (DESs) have been recognized as a promising option for sustainable development of future energy systems, and their application has increased rapidly with supportive policies and financial incentives. With growing concerns on global warming and depletion of fossil fuels, design optimization of DESs through economic assessments for short-run benefits only is not sufficient, while application of exergy principles can improve the efficiency in energy resource use for long-run sustainability of energy supply. The innovation of this paper is to investigate exergy in DES design to attain rational use of energy resources including renewables by considering energy qualities of supply and demand. By using low-temperature sources for low-quality thermal demand, the waste of high-quality energy can be reduced, and the overall exergy efficiency can be increased. The goal of the design optimization problem is to determine types, numbers and sizes of energy devices in DESs to reduce the total annual cost and increase the overall exergy efficiency. Based on a pre-established DES superstructure with multiple energy devices such as combined heat and power and PV, a multi-objective linear problem is formulated. In modeling of energy devices, the novelty is that the entire available size ranges and the variation of their efficiencies, capital and operation and maintenance costs with sizes are considered. The operation of energy devices is modeled based on previous work on DES operation optimization. By minimizing a weighted sum of the total annual cost and primary exergy input, the problem is solved by branch-and-cut. Numerical results show that the Pareto frontier provides good balancing solutions for planners based on economic and sustainability priorities. The total annual cost and primary exergy input of DESs with optimized configurations are reduced by 21–36% as compared with conventional energy supply systems, where grid power is used for the electricity demand, and gas-fired boilers and electric chillers fed by grid power for thermal demand. A sensitivity analysis is also carried out to analyze the influence of energy prices and energy demand variation on the optimized DES configurations.

Abstract The European Energy Efficiency Building Directive 2002/91/CE, as well as other acts and funding programs, strongly promotes the adoption of passive strategies for buildings, in order to achieve indoor thermal comfort conditions above all in summer, so reducing or avoiding the use of air conditioning systems. In this paper, the energy performances achievable using an earth-to-air heat exchanger for an air-conditioned building have been evaluated for both winter and summer. By means of dynamic building energy performance simulation codes, the energy requirements of the systems have been analysed for different Italian climates, as a function of the main boundary conditions (such as the typology of soil, tube material, tube length and depth, velocity of the air crossing the tube, ventilation airflow rates, control modes). The earth-to-air heat exchanger has shown the highest efficiency for cold climates both in winter and summer. The possible coupling of this technology with other passive strategies has been also examined. Then, a technical-economic analysis has been carried out: this technology is economically acceptable (simple payback of 5–9 years) only in the cases of easy and cheap moving earth works; moreover, metallic tubes are not suitable. Finally, considering in summer a not fully air-conditioned building, only provided with diurnal ventilation coupled to an earth-to-air heat exchanger plus night-time ventilation, the possible indoor thermal comfort conditions have been evaluated.

Abstract This paper assesses the effects of a global emissions trading scheme (GETS) for international aviation and shipping as a way of reducing emissions of both greenhouse gases (GHG) and other atmospheric emissions that lead to air pollution. A prior assessment of such integration requires the coupling of energy–environment–economy (E3) global modelling of mitigation policies with the atmospheric modelling of pollution sources, mixing and deposition. We report the methodology and results of coupling of the E3MG model and the global atmospheric model, p-TOMCAT. We assess the effects of GETS on the concentrations of atmospheric gases and on the radiative forcing, comparing a GETS scenario to a reference BASE scenario with higher use of fossil fuels. The paper assesses the outcome of GETS for atmospheric composition and radiative forcing for 2050. GETS on international shipping and aviation reduces their CO 2 and non-CO 2 emissions up to 65%. As a consequence atmospheric concentrations are modified and the radiative forcing due to international transport is reduced by different amounts as a function of the pollutant studied (15% for CO 2 , 35% for methane and up to 50% for ozone).

Abstract A new analytical methodology aimed at characterizing the energy performance of new and existing buildings is proposed for both winter and summer and with reference to entire urban context, and the methodology is transferred into Geographic Information Systems (GISs). The main target is the evaluation of criticalities of the building stock, promoting effective design for new buildings and proper refurbishment of existing buildings. In this regard, the application of standardized procedures is too onerous if the goal is the qualitative distribution of the energy performances with reference to entire urban areas. The energy demands for space heating are evaluated by simplifying the methodology of the European Standard EN ISO 13790, while with reference to summer cooling, a new hybrid method has been specifically developed. The whole method was applied to the entire historical center of the Italian city of Benevento and, thus, to more than 500 buildings. Moreover, comparisons with measured/evaluated energy requests have been performed to identify the reliability of the methodology. Information on energy performances in the whole city center, moreover, allowed for the setting of “Urban Energy Maps,” a tool dedicated to local government, usable for advanced energy planning and territorial control in energy supply.

PurposeValue chain analysis (VCA) can expose strategic and operational misalignments within chains, and the consequential misallocation of resources, and hence opportunities for improvements which create value and economic sustainability. This paper's purpose is to argue why and how VCA needs to integrate the social and environmental aspects of sustainability in pursuit of sustainable competitive advantage.Design/methodology/approachBased on a review of existing methods and case studies, the paper proposes three dimensions of VCA, which illustrate the flaws in narrow tools, and the need to broaden the boundaries of VCA, the interpretation of “value” and relationships along the chain in order to highlight opportunities for creating sustainable value chains.FindingsTo date VCA has largely focused on economic sustainability and paid inadequate attention to social and environment consequences of firm behaviour and the (re) allocation of resources within and between firms in the chain. This risks producing recommendations which either ignore the competitive advantage offered from improving environmental management and social welfare, or have such detrimental external consequences as to render any proposals unsustainable when exposed to government or broader (public) scrutiny.Research limitations/implicationsVCA variants need to be developed which incorporate all three pillars of sustainability. Some initial experiences are presented and ideas for future research and applications proposed.Practical implicationsThe development of sustainable VCA tools should identify business opportunities consistent with Porter and Kramer's imperative for value chains to create shared value between business and society.Originality/valueAdopting the broader dimensions identified will allow VCA to become more widely applicable, and more relevant in business scenarios where there is a growing imperative to include social and environmental impacts into “mainstream” business strategies.

AbstractThe international building sector plays an important role on energy policy and reduction of CO2 emissions. The focus of energy conservation has started from building level and nowadays expands to district, city, region or national level. In this study, an overview, performed within the European project Sinfonia for preparation of a new district tool with focus on energy conservation, will be presented about existing district tools. Several aspects of the tools were included in the overview, such as focus, aim, analytical approach, methodology, geographical coverage, required input data, commercial/freeware, source code, language, tool status, organization/project developing the tool, and web link. The main components of energy district tools such as 3D geographical data, data for building features and properties, and simulation methods were also addressed.Additionally, the issue of appropriate boundary conditions on urban energy analysis, such as user behaviour, will be discussed. A simulation study of a dwelling in various energy standards including different occupant scenarios was performed, and as a result, a formula was developed to estimate an equivalent heating reference temperature as a function of building envelope, living area, and outdoor temperature. Thus, the estimated equivalent heating reference temperature can be used as input in district energy simulations, instead of a constant set point value independent of the building.The present study can serve as a basis for new or further development of tools trying to cover the gap and the limits of the existing ones.

Abstract A sustainable building design should be compliant with the even more pressing energy saving requirements – as in NZEB – and high levels of Indoor Environmental Quality. Despite it is accepted that different facets of IEQ could have antagonistic effects on building energy demand, relatively few studies are aimed at investigating the mutual interaction among its four components. From this point of view, the hue-heat hypothesis is based on the idea that light and colors can affect the thermal perception. Particularly, spectral power distributions of light shifted to short wavelengths seem to promote a cooler thermal perception and vice-versa. To verify this still debated hypothesis, this paper is focused on a subjective investigation carried out in a special mechanically conditioned test room provided with white-tuning LED sources. 163 volunteers have been exposed to two different lighting scenarios characterized by warm (3000 K) and cool lights (6000 K) at a fixed work-plane illuminance value (300 lx) at two different operative temperature values (20 °C and 25 °C). Obtained results seem to confirm that warm light results in a warmer thermal sensation. Probably due to thermohygrometric conditions relatively close to comfort, no effects on thermal evaluation, and thermal preference were found under both microclimatic scenarios. This was also about the effects of CCT on humidity perception and game performances.