Khan, I H and Munawer, T (2024) A systematic review of economic sustainability of vertical greenery systems in buildings. Construction Economics and Building, 24(1-2), pp. 119-143. ISSN 2204-9029
Abstract
Urban areas have been significantly affected by climate change, leading to an increase in global temperatures. Nature-based solutions, including Vertical Greenery Systems (VGSs), are gaining increasing importance as means of mitigating the effects of climate change. Despite showing significant benefits, the adoption of VGS has been limited, primarily because of the high costs associated with it. This study assessed the economic feasibility of using VGSs to reduce the effects of climate change and enhance urban sustainability. 17 studies were evaluated in accordance with the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) guidelines to determine various costs, benefits, and economic indicators associated with VGS. Additionally, the net present value, internal rate of return, and payback period were thoroughly evaluated to gain insight into their long-term economic sustainability. The results show that, although the initial cost of VGS may be high, it can provide long-term financial benefits to building owners and operators through energy savings, increased property values, and reduced operational expenses. Nevertheless, the extended payback period and negative net present values for certain VGS types make them economically unsustainable. This review provides evidence-based guidelines and suggestions for the successful implementation of sustainable VGS.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | economic performance; economic sustainability; green facades; living walls; vertical greenery system; vgs benefits |
| Index terms: | net present value, evidence, economic sustainability, nature-based solution, urban area, owner, systematic literature review, economic indicator, energy-saving, meta-analysis, climate change, property value, payback, implementation |
| Subjects: | sociology, evaluation and assessment methods, energy systems, economic analysis, research evaluation and metrics, urban form and morphology, biodiversity, data analysis and analytics, real estate economics, climate science, contractual arrangements |
| Topics: | Business Strategy, Procurement, Stakeholder Management, Research Practice, Urban Studies, Sustainability |
| Descriptive scope: | 5 PCTEA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here