EURO 2024 Copenhagen
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3415. Utilising decision-making methods and online tools to accelerate sustainable renovation investments: Insights from a stakeholder engagement approach

Invited abstract in session TC-6: Advancements of OR-analytics in statistics, machine learning and data science 14, stream Advancements of OR-analytics in statistics, machine learning and data science.

Tuesday, 12:30-14:00
Room: 1013 (building: 202)

Authors (first author is the speaker)

1. Aikaterini Papapostolou
Decision Support Systems Laboratory, School of Electrical and Computer Engineering, National Technical University of Athens
2. Ioanna Andreoulaki
Decision Support Systems Laboratory, School of Electrical & Computer Engineering, National Technical University of Athens
3. Vasilis Kotrogiannis
Decision Support Systems Laboratory, School of Electrical and Computer Engineering, National Technical University of Athens
4. John Psarras
Electrical & Computer Engineering, National Technical University of Athens

Abstract

The building sector is the largest consumer of energy in Europe. Energy efficiency is fundamental for the cost-effective transition towards a decarbonised energy system. The renovation rates of buildings reveal that there is an urgent need for action by leveraging private capital in investments. To this end, multiple actors of the value chain need to be engaged to enhance communication among them, overcome barriers and increase chances for renovation projects to be financed. The involvement of key stakeholders is useful to get alternative perspectives, which stimulates shifting the focus from project activities to intended outcomes in the early stage, and to clear communication of the scope of an energy efficiency project in terms of objectives, milestones and outputs. The specific paper introduces a stakeholder engagement process analysing the impact that an online marketplace promoting energy efficiency investments in buildings would have to the energy and financing community. This is done through a concrete methodological approach based on an institutionalised engagement process of the relevant stakeholders.
Key findings, which have emerged from a dedicated survey and a training workshop with regards to the market needs and critical uncertainties affecting the building renovation investments popularity, support the co-creation of an energy efficiency marketplace that enables project aggregation and matchmaking with financing institutions in a standardised manner.

Keywords

Status: accepted

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