Examining Built Environment Professionals′ Willingness to Pay for Green Buildings in Ghana
Abstract
:1. Introduction
2. Literature Review
2.1. Green Building Development: Emerging Economies Context
2.2. Factors Influencing Willingness to Pay (WTP) for Green Buildings
3. Materials and Methods
3.1. Survey Design and Administration
3.2. Data Analyses
4. Results
4.1. Demographic Background of Respondents
4.2. One Sample t-Test of the Factors Influencing the BE Professionals’ Willingness to Pay for Green Buildings in Ghana
5. Discussion
5.1. Perceived Benefits (PB)
5.2. Environmental Concern (EC)
5.3. Perceived Value (PV)
5.4. Perceived Risk (PR)
5.5. Social Trust (ST)
6. Conclusions
Author Contributions
Funding
Conflicts of Interest
Appendix A
Appendix A.1. General Information
- Gender
- Male
- Female
- What is your academic qualification?
- BSc Honours
- P. G. Diploma
- MSc/MEng
- MPhil
- PhD
- Which professional body are you affiliated to?
- Ghana Institute of Architects (GIA)
- Ghana Institution of Surveyors (GhIS)
- Ghana Institution of Engineers (GhIE)
- Which type of organization do you belong to?
- Consultancy
- Contractor
- Developer/Real Estate
- Please select your profession.
- Architect
- Quantity Surveyor (QS)
- Construction Manager
- Project Manager
- Engineer
- Valuer
- For how long have you been in professional practice?
- Less than 5 years
- 5–10 years
- 16–20 years
- 20 years and above
Appendix A.2. Level of Consideration
Item | Factors | 1 | 2 | 3 | 4 | 5 |
---|---|---|---|---|---|---|
Willingness to Pay (WTP) | ||||||
Compared with the conventional buildings, I would opt for a green building. | ||||||
I am willing to spend extra in order to purchase a green residential building. | ||||||
News and advertisements of green buildings in magazines affect my willingness to pay. | ||||||
Perceived Value (PV) | ||||||
I will purchase a green building because it is environmentally friendly. | ||||||
I will purchase a green building because it has more environmental benefits than other general buildings. | ||||||
I will purchase a green building because it has more environmental concerns than other general buildings. | ||||||
A green buildings’ environmental function will provide very good value for me (I would get my money’s worth). | ||||||
A green building’s environmental performance will meet my expectations. | ||||||
Perceived Benefits (PB) | ||||||
Green buildings offer a conducive improvement to residents’ living comfort at home. | ||||||
Green buildings offer a reduction in household expenditure such as water and electricity. | ||||||
Increased resident productivity due to improved health of tenants. | ||||||
Staying in a green building gives me a sense of harmony with nature. | ||||||
Occupying a green building would improve my mental health. | ||||||
Transformation of the real estate industry. | ||||||
Green building aids in contributing to a reduction in global warming. | ||||||
Utility cost savings for energy and water. | ||||||
The cost of investment in a green building is recoverable over the lifecycle of operations and maintenance of the buildings | ||||||
Green building incorporates the use of renewable natural resources. | ||||||
Energy efficiency and savings are increased in a green building. | ||||||
Perceived Risk (PR) | ||||||
Green buildings are too expensive to purchase. | ||||||
Green buildings have higher maintenance costs in comparison to traditional buildings. | ||||||
Green buildings have higher repair costs. | ||||||
Inadequate green technologies, low implementation levels of green policies, and inadequate suppliers of green products/materials in the Ghanaian construction industry. | ||||||
High cost of borrowing and difficulty in accessing green construction finance in Ghana. | ||||||
If I were to purchase a green building, I would become concerned about its reliability, safety, longevity, and compatibility with the Ghanaian environment. | ||||||
Environmental Concern (EC) | ||||||
Social appeal by the various environmental protection agencies and organizations affect my willingness to pay for a green buildings. | ||||||
I am passionate about environmental protection issues in Ghana. | ||||||
I often think about how the condition of the environment in Ghana can be improved through waste reduction, water efficiency, etc. | ||||||
Social Trust (ST) | ||||||
Availability of government support and incentives are required in the implementation of innovative technologies in green building. | ||||||
Availability of experienced designers, engineers, and architects. | ||||||
Guaranteed quality of green building materials. | ||||||
I trust the authenticity of documents provided by investors/developers/consultants. | ||||||
Trust in experts’ evaluation in the green Building assessment process. |
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Mean (M) | Std. Deviation (SD) | Sample Test, Test Value = 3.5 | |||||
---|---|---|---|---|---|---|---|
t-Value | df | p-Value | Rank | ||||
Perceived Value (PV) | 4.275 | 0.821 | 11.668 | 152 | 0.000 | 3 | |
PV1 | I will purchase a green building because it is environmentally friendly. | 3.9020 | 1.07462 | 4.627 | 152 | 0.000 | V |
PV2 | I will purchase a green building because it has more environmental benefits than other general buildings. | 4.25490 | 0.815390 | 11.452 | 152 | 0.000 | I |
PV3 | I will purchase a green building because it has more environmental concerns than other general buildings. | 4.0588 | 0.96133 | 7.190 | 152 | 0.000 | III |
PV4 | A green buildings’ environmental function will provide very good value for me (I would get my money’s worth). | 4.0588 | 0.85251 | 8.108 | 152 | 0.000 | II |
PV5 | A green building’s environmental performance will meet my expectations. | 4.0392 | 0.88765 | 7.514 | 152 | 0.000 | IV |
Perceived Benefit (PB) | 4.529 | 0.669 | 19.021 | 152 | 0.000 | 1 | |
PB1 | Green buildings offer a conducive improvement to residents’ living comfort at home. | 4.1765 | 0.88197 | 9.487 | 152 | 0.000 | VII |
PB2 | Green buildings offer a reduction in household expenditure such as water and electricity. | 4.0196 | 0.96294 | 6.675 | 152 | 0.000 | IX |
PB3 | Increased resident productivity due to improved health of tenants. | 4.1961 | 0.76999 | 11.182 | 152 | 0.000 | V |
PB4 | Staying in a green building gives me a sense of harmony with nature. | 4.2549 | 0.90706 | 10.294 | 152 | 0.000 | III |
PB5 | Occupying a green building would improve on my mental health. | 4.0000 | 0.99340 | 6.226 | 152 | 0.000 | X |
PB6 | Transformation of the real estate industry. | 3.8431 | 0.91851 | 4.621 | 152 | 0.000 | XI |
PB7 | Green building aids to contribute to a reduction in global warming. | 4.3137 | 0.83090 | 12.114 | 152 | 0.000 | I |
PB8 | Utility cost savings for energy and water. | 4.1961 | 0.88896 | 9.686 | 152 | 0.000 | VI |
PB9 | The cost of investment in a green building is recoverable over the lifecycle of operations and maintenance of the buildings | 4.0980 | 0.91597 | 8.076 | 152 | 0.000 | VIII |
PB10 | Green building incorporates the use of renewable natural resources. | 4.2745 | 0.79666 | 12.025 | 152 | 0.000 | II |
PB11 | Energy efficiency and savings are made more in a green building. | 4.2353 | 0.80920 | 11.240 | 152 | 0.000 | IV |
Perceived Risk (PR) | 4.255 | 0.712 | 13.114 | 152 | 0.000 | 4 | |
PR1 | Green buildings are too expensive to purchase. | 3.9804 | 0.98322 | 6.044 | 152 | 0.000 | IV |
PR2 | Green buildings have higher maintenance costs in comparison to traditional buildings. | 3.7647 | 0.94427 | 3.467 | 152 | 0.001 | V |
PR3 | Green buildings have higher repair costs. | 3.7255 | 0.95446 | 2.922 | 152 | 0.004 | VI |
PR4 | Inadequate green technologies, low implementation levels of green policies, and inadequate suppliers of green products/materials in the Ghanaian construction industry. | 4.0392 | 0.95202 | 7.006 | 152 | 0.000 | II |
PR5 | High cost of borrowing and difficulty in accessing green construction finance in Ghana. | 4.0196 | 1.06048 | 6.061 | 152 | 0.000 | III |
PR6 | If I were to purchase a green building, I would become concerned about its reliability, safety, longevity, and compatibility with the Ghanaian environment. | 4.0784 | 0.94958 | 7.535 | 152 | 0.000 | I |
Environmental Concern (EC) | 4.510 | 0.608 | 20.535 | 152 | 0.000 | 2 | |
EC1 | Social appeal by the various environmental protection agencies and organizations affects my willingness to pay for a green building. | 3.2745 | 1.33395 | −2.091 | 152 | 0.038 | III |
EC2 | I am passionate about environmental protection issues in Ghana | 4.0588 | 0.91935 | 7.519 | 152 | 0.000 | II |
EC3 | I often think about how the condition of the environment in Ghana can be improved through waste reduction, water efficiency, etc. | 4.1569 | 0.89676 | 9.060 | 152 | 0.000 | I |
Social Trust (ST) | 4.196 | 0.795 | 10.827 | 152 | 0.000 | 5 | |
ST1 | Availability of government support and incentives are required in the implementation of innovative technologies in a green building. | 3.8235 | 1.25193 | 3.197 | 152 | 0.002 | IV |
ST2 | Availability of experienced designers, engineers, and architects | 4.0850 | 1.06343 | 6.804 | 152 | 0.000 | I |
ST3 | Guaranteed quality of green building materials. | 4.0458 | 1.06586 | 6.333 | 152 | 0.000 | II |
ST4 | I trust the authenticity of documents provided by investors/developers/consultants. | 3.8105 | 1.01146 | 3.797 | V | ||
ST5 | Trust in experts’ evaluation in the green building assessment process. | 3.8889 | 1.07333 | 4.482 | 152 | 0.000 | III |
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Kumah, V.M.A.; Agyekum, K.; Botchway, E.A.; Pittri, H.; Danso, F.O. Examining Built Environment Professionals′ Willingness to Pay for Green Buildings in Ghana. Buildings 2022, 12, 2097. https://doi.org/10.3390/buildings12122097
Kumah VMA, Agyekum K, Botchway EA, Pittri H, Danso FO. Examining Built Environment Professionals′ Willingness to Pay for Green Buildings in Ghana. Buildings. 2022; 12(12):2097. https://doi.org/10.3390/buildings12122097
Chicago/Turabian StyleKumah, Victoria Maame Afriyie, Kofi Agyekum, Edward Ayebeng Botchway, Hayford Pittri, and Frederick Owusu Danso. 2022. "Examining Built Environment Professionals′ Willingness to Pay for Green Buildings in Ghana" Buildings 12, no. 12: 2097. https://doi.org/10.3390/buildings12122097