Why does the government subsidize green buildings?

Moreover, the government chooses to subsidize the portion of green effort that shifts green buildings to above the benchmark level. Suppose is the unit subsidy coefficient determined by the government and is regarded as the adjustment factor of the unit subsidy per square meter (also called the adjustment factor).

Are government subsidies promoting green technologies?

Given the global concern about the existential threat posed by climate change, government subsidies aimed at spurring green technologies and the green transition—from solar panels to electric vehicles—can play a greater role. And the number of subsidies with green objectives is indeed increasing, according to the World Bank’s new .

How to design a green building subsidy policy?

Design of effective subsidy policy to develop green buildings: from the perspective of policy benefit Selective preference of incentive modes toward green residential housing from the dynamic game perspective Identifying customer behavioral factors and price premiums of green building purchasing

Do green building subsidies increase or decrease the incentive effect?

There seemed to be little significant difference in the incentive effect of the four subsidies when the subsidies were weak. The demand for green buildings, green building developers' profits, and social welfare in the four subsidies increased as the subsidy increased.

Do subsidies improve consumer willingness to buy green buildings?

In contrast, subsidies to consumers can directly improve consumer willingness to buy green buildings. Therefore, the acceptable prices for green buildings climbed as the adjustment factor of the unit subsidy coefficient increased.

How to solve the problem of green building incentives?

To solve this problem, from the perspective of the game among green building stakeholders, Liu and Li [ 12] attach great importance to the design of green building incentive mechanisms and analyzing the government incentive intensity for developers based on the game model between the government and developers.