Opportunities for financing sustainable development using complementary local currencies

Ljubomir Jankovic

doi:10.1088/1755-1315/297/1/012023

Opportunities for financing sustainable development using complementary local currencies

Ljubomir Jankovic

Research output: Contribution to journal › Conference article › peer-review

1 Citation (Scopus)

111 Downloads (Pure)

Abstract

Financing building retrofit projects that contribute to climate change mitigation has always represented a significant barrier. With 28% of global emissions coming from existing buildings, it is of paramount importance to carry out retrofit measures that lead to significant reduction of these emissions. Whilst this is perfectly possible to achieve with current methods and current technology, there is no sufficient conventional finance to carry out zero carbon retrofit at scale required for climate change mitigation. The article introduces an alternative and sustainable business model that creates new opportunities for financing zero carbon retrofit of buildings. It demonstrates that the value of solar energy falling on roofs of buildings can become a driver for new local economic systems, and discusses the requirements for practical application.

Original language	English
Article number	012023
Journal	IOP Conference Series: Earth and Environmental Science
Volume	297
Issue number	1
DOIs	https://doi.org/10.1088/1755-1315/297/1/012023
Publication status	Published - 2 Sept 2019
Event	IOP Conference Series: Earth and Environmental Science: Sustainable Built Environment 2019 - Helsinki, Finland Duration: 22 May 2019 → 24 May 2019 Conference number: 1

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10.1088/1755-1315/297/1/012023Licence: CC BY

Jankovic_2019_IOP_Conf._Ser.__Earth_Environ._Sci._297_012023Final published version, 1.54 MBLicence: CC BY

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title = "Opportunities for financing sustainable development using complementary local currencies",

abstract = "Financing building retrofit projects that contribute to climate change mitigation has always represented a significant barrier. With 28% of global emissions coming from existing buildings, it is of paramount importance to carry out retrofit measures that lead to significant reduction of these emissions. Whilst this is perfectly possible to achieve with current methods and current technology, there is no sufficient conventional finance to carry out zero carbon retrofit at scale required for climate change mitigation. The article introduces an alternative and sustainable business model that creates new opportunities for financing zero carbon retrofit of buildings. It demonstrates that the value of solar energy falling on roofs of buildings can become a driver for new local economic systems, and discusses the requirements for practical application.",

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N2 - Financing building retrofit projects that contribute to climate change mitigation has always represented a significant barrier. With 28% of global emissions coming from existing buildings, it is of paramount importance to carry out retrofit measures that lead to significant reduction of these emissions. Whilst this is perfectly possible to achieve with current methods and current technology, there is no sufficient conventional finance to carry out zero carbon retrofit at scale required for climate change mitigation. The article introduces an alternative and sustainable business model that creates new opportunities for financing zero carbon retrofit of buildings. It demonstrates that the value of solar energy falling on roofs of buildings can become a driver for new local economic systems, and discusses the requirements for practical application.

AB - Financing building retrofit projects that contribute to climate change mitigation has always represented a significant barrier. With 28% of global emissions coming from existing buildings, it is of paramount importance to carry out retrofit measures that lead to significant reduction of these emissions. Whilst this is perfectly possible to achieve with current methods and current technology, there is no sufficient conventional finance to carry out zero carbon retrofit at scale required for climate change mitigation. The article introduces an alternative and sustainable business model that creates new opportunities for financing zero carbon retrofit of buildings. It demonstrates that the value of solar energy falling on roofs of buildings can become a driver for new local economic systems, and discusses the requirements for practical application.

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DO - 10.1088/1755-1315/297/1/012023

M3 - Conference article

SN - 1755-1307

VL - 297

JO - IOP Conference Series: Earth and Environmental Science

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IS - 1

M1 - 012023

T2 - IOP Conference Series: Earth and Environmental Science

Y2 - 22 May 2019 through 24 May 2019

ER -

Opportunities for financing sustainable development using complementary local currencies

Abstract

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