7.19.2 Measuring benefits

Decarbonisation options should be measured in a consistent approach to enable benefits to be measured and compared. Refer to Appendix 2 for a detailed checklist on information/units of measurement that should be obtained as part of a decarbonisation options assessment.

A summary of key benefits and units of measurement are outlined in the table below:

Benefit

Measurement

Energy Savings

kWh savings p/annum kWh/m2/year

Carbon Savings

tCO2e savings p/annum

Cost Savings

£ savings p/annum £ per LT CO2e

As outlined in the table above, a useful way to measure the relative carbon savings of different decarbonisation options is in terms of £ / LT CO2e, which is determined from the estimated CAPEX of a decarbonisation project and the persistence factor for a given technology. This allows the relative cost/carbon 'benefit' to be assessed i.e. the most carbon savings for least CAPEX.

Furthermore, there is a range of additional Benefits and Outcomes that could be achieved from implementing decarbonisation options - these are outlined in further detail in sections 8.2 and 8.3. Whilst some of these benefits are more strategic, such as achievement of NZ Targets and ESG/CSR, there are others that have more direct direct/immediate benefits that can be measured - a summary of these and units of measure are outlined in the table below:

Benefit

Measurement

Thermal Comfort

Operative design temperature Overheating

Lighting Optimisation

Illuminance levels Glare control

Improved Air Quality & Ventilation

Temperature

Relative Humidity

CO2

Total Volatile Organic Compounds

Formaldehyde

PM2.5

PM10

Ventilation rates

Acoustic Comfort

Acoustic standards specific to building type

It is prudent to compare direct benefits (energy/carbon/cost savings) with indirect benefits (asset level benefits) to effectively evaluate decarbonisation options and inform the overall risk/commercial assessment.