Energy and CO₂ emission reduction potential from investment in energy efficiency building retrofits in Bangkok, Thailand

ABSTRACT

A major barrier to the widespread adoption of energy efficiency is the lack of understanding of the benefits - the investment opportunity (the returns), the cost savings, and environmental. We assess the potential of retrofits in commercial buildings in Bangkok using case studies and existing property information. The aim is to provide insights for policy makers, building owners, and investors on the potential to reduce energy consumption and costs, and greenhouse gas emissions. Our findings suggest that by undertaking energy efficiency retrofits in Bangkok, there is the potential to reduce energy costs by approximately US123 million and reduce over 500,000 tons of CO2 emissions per year, presenting an investment opportunity of approximately US300 million, with a payback of 3.49 years.

KEYWORDS:

• Building retrofits
• energy efficiency
• energy savings
• investment opportunity
• CO₂ emissions

Disclosure statement

No potential conflict of interest was reported by the author(s).

Notes

1 The Thailand Greenhouse Gas Management Organisation (TGO) is a public organization established in 2007 under the Ministry of Natural Resources and Environment.

2 Taking into account degradation of efficiency of the implemented systems over the 10 year period.

3 Jones Lang LaSalle (2014).

4 Jones Lang LaSalle (2019).

5 CB Richard-Ellis (2014).