Monetise Multiple Benefits
Monetising the social welfare, micro-economic and environmental benefits for investment decisions
Start an initiativeWhat are Sustainable Plus Energy Neighbourhoods and what is the MBx tool for?
Sustainable plus energy neighbourhoods (SPENs) can contribute to decarbonising the building stock, while providing additional benefits for residents both at the building and neighbourhood level, enhancing wellbeing and a sense of community. SPENs can provide a range of shared spaces, services and facilities, such as shared heat pumps, PV panels, EV charging, EVs, bicycles, and common spaces with greenery, water and biodiversity.
SPENs aim for high energy efficiency to reduce energy demand and achieve a positive energy balance at the neighbourhood scale. SPENs require additional investments compared to business-as-usual (BAU) projects, however, they also provide multiple added social, economic and environmental benefits. At a societal level, they contribute to lower GHG emissions, leading to lower mortality and morbidity rates. Improved accessibility to public and cycling infrastructure contributes to physical and mental health, as well as inclusion and affordability. At an individual level, improved IEQ yields health and productivity benefits for the dwellers.
The MBx tool helps stakeholders to:
- 1
Take a consistent approach across public and private sector to cost benefit analysis, including common values and assumptions.
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Take a long-term and broad view of societal impacts, costs and benefits of SPENs.
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Rigorously assess these by monetizing and discounting impacts, where possible.
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Be transparent about the assumptions and evidence base.