Research On Incremental Investment And Financing In Civil Building Energy Efficient Market

Civil building energy efficiency is inevitable selection and important contents of establishing resource-preserving, environment-friendly and ecological civilization society. In this stage, development barriers of civil building energy efficient market (CBEEM) in China mainly centralize on unitary construction capital source channel and deficient effective capital supply. To the key problems of capital financing in CBEEM, the study takes the incremental investment and financing (IIF) as research object. Through extensive market investigations to the condition of IIF for CBEEM, adopt the methodology of computer simulation, statistical analysis, model consequence and demonstration research, synthetically utilize the knowledge of investment economy, public goods theory, public financing theory, public choice theory, game theory, behavior economy and complex system theory. Deeply research on emerging process and drive of incremental investment (II), establishing multi-participant behavior model and influence factor analysis, policy improvement path, inducting mechanism of policy to IIF and IIF mode selection.According to absence of canonical definition of CBEEM, the research firstly put forward to the concept scheme for CBEEM so as to systematically recognize the different stage characteristics of IIF for CBEEM. Through defining civil energy efficient building (CEEB), CBEEM and IIF, furtherly limit research scope and content. Analyze the public goods and quasi-public goods characteristics of CEEB from the view of externality, competitiveness and exclusiveness, prove that it can be produced and supplied by government or government consigning private department. Because of market failure and government failure in CBEEM, it needs strengthen government's inducting and intervening function in the field of private production and innovate government supervising mechanism and management mode in the field of government management. Because IIF of CBEEM is located in the intersection stage of start-up and grow-up, it also needs play the inducting role of government and executing the financing mode of government inducting as priority and market behavior as supplement. Secondly, complete the dynamic analysis on interior and exterior drive on II emerging through establishing three-dimension model for emerging process of II for CBEEM in whole life cycle. II is emerged from the whole life cycle of CEEB. For the requirement of adding energy efficient technique, enrich the different stage contents and form the close management of CBEEM. On the basis of analyzing limitations of II emerging method of existing methods based on process and technique, confirm the analysis principle and method. Establish three-dimension model including incremental reason emerging dimension, life cycle dimension and energy consumption dimension, fully dig the interior drive of IIF emerging. Through Pareto optimization process of II benefit-cost, analyze the exterior drive of II emerging.Thirdly, in order to confirm on influence factors of IIF, established behavior network model of multi-participants for CBEEM. Through defining the behavior characteristics and attributes of participants including investment participant, financing participant and agent participant, establish network behavior concept model of multi-participants in market. Respectively define the system attribute, influence relationship and preference of different agents. Take calculations and simulation through Dynamic Actor Network Analysis (DANA) and select three appraisal indexes including market utility, satisfaction degree and frustration degree. Combining with statistic result and practical investigation data, identify the influence factors on IIF. They include economic incentive policy, energy efficient building public management mode, building energy efficient (BEE) service system and BEE knowledge diffusion form.Fourthly, established two-stage leader-followers game model based on Stackelberg with government and other investors during the course of IIF for CBEEM, proved that government's participant degree and mode have important influence on market investment efficiency and proposed policy path improving IIF influence factors. Game equilibrium results show that the policy established by government has obvious influence on other investors. Furtherly, analyze the economic influence on IIF of Command and Control (CAC) and Market-based Instruments (MBI). The results show that it can be concluded that different buildings need to establish different policy mode after static comparison. According to the characteristics of CBEEM, propose three types of policy path including CAC, MBI and market standardization policy type (MSP) based on CBEEM. Analyzed the influence mechanism on IIF. The results show that it not only inducting IIF but also propelling to form market financing mode.Lastly, according to the following research contents accomplished the empirical analysis of IIF for CBEEM in Beijing. Through confirming on optimization policy variable, reconstruct participant behavior concept model after policy improvement, calculate and simulate utilizing DANA. The statistic result shows that the investment and financing condition is obviously improved. On the basis of empirical analysis result and research contents of whole study, propose three IIF modes suit for this stage, which include IIF mode combining market admittance and energy efficient label, IIF mode based on existing residential building energy efficient retrofit mode and IIF mode under energy efficient supervision framework.Through the research on IIF for CBEEM, it can effectively settle the capital bottleneck problem in the grow-up stage of CBEEM, cultivate with the supply and demand agents, propel the progress of energy efficient technique, promote the development of energy efficient building engineering practice and adjust the structure of energy utilization in construction industry. At the same time, it can offer some suggestions on government establishing investment and financing policy in the field of energy efficient building. With the development of CBEEM, the research fruits will have the wide application foreground.