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2 - The Architecture of Green Building Policies and Practice

Published online by Cambridge University Press:  27 October 2022

Daniel C. Matisoff  and
Douglas S. Noonan
Daniel C. Matisoff
Affiliation:
Georgia Institute of Technology
Douglas S. Noonan
Affiliation:
Indiana University–Purdue University, Indianapolis
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Summary

This chapter defines green buildings as a holistic concept and as promoted by the Green Building Movement. It reviewa the theory and empirical evidence of market failures and various barriers that have shaped the Green Building Movement, which aims to improve environmental footprints in a way that is profitable to participants. It draws upon the market for lemons and signaling theory to explain the role of ecolabeled buildings in overcoming information barriers. To the scholar, this mission seeks to align public and private benefits through reduction of information asymmetries and externalities of building practices. It then characterizes the scope of green building policy initiatives across the United States and across the globe. It also shows the prevalence of the Green Building Movement around the globe.

Keywords

Green Market TransformationLEEDecolabelsecocertificationbuilt environmentliving buildinggreen buildingsGreen Building Movementmarket for lemonsinformation barriersinformation asymmetries
Type
Chapter
Information
Ecolabels, Innovation, and Green Market Transformation
Learning to LEED
 , pp. 27 - 61
Publisher: Cambridge University Press
Print publication year: 2022

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