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Sustainability 2014, 6(12), 9057-9079; doi:10.3390/su6129057

On Financing of Urban Transition Viewed from the Oresund Area: When the Political Agenda of Urban Transition Meets the Market

1,†,* and 2,†
1
Aalborg University, A. C. Meyers Vænge 15, DK 2450 Copenhagen, Denmark
2
University of Gävle, Kungsbäcksvägen 47, SE-801 76 Gävle, Sweden
These authors contributed equally to this work.
*
Author to whom correspondence should be addressed.
Received: 9 June 2014 / Revised: 3 November 2014 / Accepted: 21 November 2014 / Published: 9 December 2014
(This article belongs to the Section Economic, Business and Management Aspects of Sustainability)
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Abstract

The “urban transition” agenda is as a conglomerate of ambitions derived from international policy documents and as applied in the Oresund area. Encompassing locally set goals for (i) climate change mitigation; (ii) energy efficiency; and (iii) human wellbeing in the built environment. Its implementation is largely dependent on private sector joining in, since transitioning the building stock is to be financed by the market. This paper explores strategies to meet this agenda in the Oresund area. A particular focus is on the refurbishment of multi-family housing relative to these set goals. The paper finds meaningful differences between Denmark and Sweden. In general, exceptionally high energy standards come at an additional cost that is likely to be incompatible with rational economic behavior. Furthermore, actions appropriate for one goal are likely to have modest effects on ancillary goals. The paper concludes by suggesting to revisit current strategies in the Oresund area to reflect market constraints and to promote more coherent ways to achieve the set goals. View Full-Text
Keywords: urban transition; CO2; climate plans; refurbishing; economic sustainability urban transition; CO2; climate plans; refurbishing; economic sustainability
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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MDPI and ACS Style

Haldrup, K.; Snällfot, D. On Financing of Urban Transition Viewed from the Oresund Area: When the Political Agenda of Urban Transition Meets the Market. Sustainability 2014, 6, 9057-9079.

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