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3. The Success Factors
The initiatives in this roadmap will enable
the HK3030 Campaign if the following
conditions are met.
A Central Coordinating Authority
One of the features we identified in
our review is the presence of a central
coordinating authority in almost all the cities
with comprehensive green building plans:
the BCA of Singapore, the OLTPS as part of
the New York City Mayor’s Office, and to a
certain extent the Mayor of London’s Office
and the Greater London Assembly. Such an
authority has the responsibility of:
• Taking a leadership role in the
transformation in aligning all the
stakeholders
• Setting an overall target
• Serving as a benchmarking authority
• Coordinating,
implementing
and
policing the policies and regulatory
measures
• Acting as a driver for research and
dissemination of the results
A Robust Benchmarking Framework
As we pointed out repeatedly throughout
the roadmap, the key step in enacting the
roadmap is the establishment of a robust
benchmarking framework that:
• Allows consistent, meaningful and
quantifiable comparison of our building
stock;
• Is sufficiently flexible to encompass a
significant portion of our building stock
(at least 70% in the particular scenario
chosen for illustration in the executive
summary);
• With outputs that can serve as regulatory
metrics in the BEC and EAC; and
• Administered by an authority that can
effectively “police” the process.
A Strengthened Regulatory Framework
A particular feature of the scenario described
in this roadmap is that it is predominantly
regulatory driven. This of course requires
strengthening of the various regulatory
tools as described in the earlier sections
with the following critical features:
• They have to be upgraded according
to a time-tabled schedule to achieve
the desired end-result by 2030 (35%
performance enhancement over 2012
minimum performance);
• The captive building stock has to be
sufficiently large (for the example of
the illustrative scenario described in the
executive summary – at least 70% of the
existing commercial building stock); and
• Gradual shift towards a performance
based approach that can accurately and
meaningfully quantify the actual energy
consumption of a building.
A Business Case for Retrofitting
To enable the large-scale, self-sustaining
improvement to energy efficiency of
the existing building stock required in
the scenario discussed in the executive
summary, the retrofitting must make good
financial sense. This in turn requires:
• A robust benchmarking framework to
quantify the savings;
• The gradual enhancement of minimum
regulatory performance to drive the
market towards more efficient products;
• The availability of technology and
expertise – a result of intentional
research and training; and
• Creation of viable energy markets
through credits, rebates or taxes.