Validity Evaluation of Boosting Policies for G-SEED on Housing Market

Abstract

Since 2002, Korea Government has implemented G-SEED(Green Standard for Energy and Environmental Design) certification for reducing GHG emission in building area. However, total number of G-SEED Certification is only around 1% of total number of approved apartment buildings despite the various boosting policies. In this situation, most boosting policies and policy improvement researches are leaning toward the suppliers aspect. However, comprehensive relation and dynamics between consumer and supplier has to be considered since housing market is operated by market participants mutual interaction. Therefore, this research presents system dynamics models based on decision-making analysis of consumer and supplier in G-SEED certified apartment building market. Then, this research evaluates the validity of boosting policies using the model. The proposed analysis can assist government to make next boosting policies for G-SEED certification.