HouseZero ・retrofitting a 1924-era wood-frame house

Harvard University’s Center for Green Buildings and Cities, in collaboration with international architecture and design firm Snøhetta, is retrofitting a wood frame house built in 1924 in what is now an historic district of Cambridge, Massachusetts. The house now serves as the Center’s headquarters.

The retrofit is intended to fulfill multiple objectives:

A focus on inefficient existing buildings. In the United States, buildings consume around 40% of energy produced annually. This equates to more than $230 billion spent annually by property owners heating, cooling, and powering the nation’s 123.6 million homes. Housing consumes 18-23% of that.

A focus on using current technologies together with better design.

The use of zero energy for heating and cooling. A retrofitted building that produces more energy than it consumes.

100% natural ventilation and daylight autonomy

Zero CO2 emissions, including embodied energy in materials

A positive rather than a negative impact on the surrounding environment. A house conducive to occupant health, encouraging productivity and creativity.

Use of self-generated data that will allow the building to self-adjust. The house will adjust itself seasonally and daily to achieve thermal comfort targets.

The development of ideas and a working model that can be used by homeowners as they seek to renovate existing houses towards significant energy and carbon use improvements without costly or wasteful tear-downs.

The Center for Green Buildings and Cities will not seek any kind of independent certification, such as USGBC LEED, WELL, or Living Building certification. The intent is, rather, to exceed those standards’ criteria.

The renovation, says Ali Malkawi, professor of architectural technology and founding director of the CGBC, is guided not only by the goal of net zero energy consumption with 100% natural light and ventilation but also by the understanding that a green building is “a sustainable building, which means it has the lowest impact on its surrounding environment as possible. It might have a positive effect on its environment—the surrounding as well as the global.” Such a building is, furthermore, “healthy for its occupants” and encourages productivity and creativity.

See:

Harvard Center for Green Buildings and Cities unveils HouseZero project, an ambitious retrofit of its Cambridge headquarters” | Travis Dagenais, Harvard Graduate School of Design, 25 May 2017

Harvard’s ‘HouseZero’” | Alisha Ukani, Harvard Magazine, 3 August 2017

Future Home: HouseZero” | Harvard Center for Green Buildings and Cities”

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valuing climate-related risks, investing well, & avoiding stranded assets

The Task Force on Climate-Related Financial Disclosures (TCFD, @FSB_TCFD) has published a new report on June 29. The report is published as part of a G20 initiative led by the governor of the Bank of England Mark Carney and the former mayor of New York City Michael Bloomberg.

The report provides a framework for companies to disclose in their financial filings all of their direct and indirect greenhouse gas emissions and describe the risks and opportunities caused by climate change under a range of potential scenarios. The objective of such disclosures would be to allow economies to properly value climate-related risks and to help minimize the risk, to investors, banks, and insurers, that market adjustments to climate change will be incomplete, late and potentially destabilizing.

Importantly, the report recommends that banks should disclose lending to companies with carbon-related risks.

Climate change presents global markets with risks and opportunities that cannot be ignored. The framework can be of assistance to investors (such as banks, pension funds, sovereign wealth funds, university endowments, investors in commercial real estate, and homeowners) as they evaluate the potential risks and rewards of a transition to a lower carbon economy and avoid investing in assets that might become stranded, non-performing (such as non-performing loans made to entities that are cash-strapped due to rising carbon costs or houses and buildings that themselves cannot perform and/or are difficult or impossible to sell).

While the report’s recommendations are intended to be adopted by all companies, extra guidance is given to the financial sector. Other sectors, likely to be most affected by climate change and/or the transition to a lower carbon economy, are also given extra guidance. The other sectors likely to be most affected by climate change and/or the transition to a lower carbon economy include energy, transportation, construction, and agriculture, food, and forestry.

Christian Thimann, Group Head of Regulation, Sustainability and Insurance Foresight, AXA Group and a member of the TCFD, observes that insurers “see the frequency and intensity of natural disasters linked to climate change augmenting every year.” “Insurers,” Dr. Thimann says,
consider a world of plus two degrees may still be insurable but a world of plus four degrees might not be.”

Dr. Thimann notes that while banks have a shorter outlook than insurers

  • Banks “too can use these recommendations because they will need to steer their lending between sectors aligned with a 2-degree world and sectors not aligned. They need to know which are the sectors with a high risk of stranded assets in the future and those with a low risk of stranded assets in the future.”

 

See:

Banks should disclose lending to companies with carbon-related risks” | Michael Slezak, The Guardian, 29 June 2017

#TCFD #MarkCarney #BankofEngland #NYC #MichaelBloomberg #climatechange #climaterisk #strandedassets #banks #investors #finance #insurance #AXA #lowcarboneconomy #energy #transportation #construction #agriculture #food #forestry#realestate #homeownership #museums #artcollections #art