CF_D3 NICE GREEN Nagoya. Greenification Certificate System with financial incentives
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| Natura: | Recurso digital |
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Zenodo
2024
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| _version_ | 1866902256506372096 |
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| author | Machiels, Thomas |
| author_facet | Machiels, Thomas |
| contents | <p>The Greenification Certificate System (GCS) is a voluntary mechanism that complements the regulatory System of Greening Area instrument, both introduced in 2007-2008 in the City of Nagoya, Japan. The GCS is an incentive mechanism to encourage landowners to include more green area elements in the design of new residential and industrial developments than those legally imposed through the System of Greening Area. Landowners can receive loans with a preferential interest rate for projects that incorporate significant green elements. This system, evaluated on various criteria including green area coverage and conservation efforts, awards projects with up to three stars, directly influencing the interest rate benefits provided by participating banks. Although data was limited to determine the outcomes and current status of the program, and early limitations were identified, the case is an example of a generic, simple, and straightforward model to foster sustainable urban development while offering financial incentives for greener construction practices.</p> |
| format | Recurso digital |
| id | zenodo_https___doi_org_10_5281_zenodo_13836644 |
| institution | Zenodo |
| language | |
| publishDate | 2024 |
| publisher | Zenodo |
| record_format | zenodo |
| spellingShingle | CF_D3 NICE GREEN Nagoya. Greenification Certificate System with financial incentives Machiels, Thomas <p>The Greenification Certificate System (GCS) is a voluntary mechanism that complements the regulatory System of Greening Area instrument, both introduced in 2007-2008 in the City of Nagoya, Japan. The GCS is an incentive mechanism to encourage landowners to include more green area elements in the design of new residential and industrial developments than those legally imposed through the System of Greening Area. Landowners can receive loans with a preferential interest rate for projects that incorporate significant green elements. This system, evaluated on various criteria including green area coverage and conservation efforts, awards projects with up to three stars, directly influencing the interest rate benefits provided by participating banks. Although data was limited to determine the outcomes and current status of the program, and early limitations were identified, the case is an example of a generic, simple, and straightforward model to foster sustainable urban development while offering financial incentives for greener construction practices.</p> |
| title | CF_D3 NICE GREEN Nagoya. Greenification Certificate System with financial incentives |
| url | https://doi.org/10.5281/zenodo.13836644 |