Data Extraction Algorithm for Energy Performance Certificates (EPC) to Estimate the Maximum Economic Damage of Buildings for Economic Impact Assessment of Floods in Flanders, Belgium

Floods cause major disruptions to energy supply and transportation facilities and lead to significant impacts on the society, economy, and environment. As a result, there is a compelling need for resilience and adaptation against extreme flood events under a changing climate. An accurate focal priority analysis of how societies can adapt to these changing events can provide insight into practical solutions. Besides the social, ecological, and cultural impact assessments of floods, an accurate economic impact analysis is required to define priority zones and priority measures. Unfortunately, studies show that economic impact assessments can be highly inaccurate because of the margin of error in economic value estimation of residential and industrial buildings, as they account for a large part of the total economic damage value. Therefore, tools that can accurately estimate the maximum economic damage value (or replacement value) of residential and industrial buildings are imperative. This paper outlines a methodology to estimate the maximum economic value of buildings by using a data extraction algorithm for Energy Performance Certificates (EPC), through which the replacement value can be calculated for all of the buildings in Flanders, and in addition, across Europe