Global green building is expected to double by 2018 as companies continue to invest in renewable technologies
According to a study (see attachment) entitled, World Green Building Trends 2016, Developing Markets Accelerate Global Green Growth, the percentage of companies expected to have more than 60 per cent of their building projects certified green is anticipated to more than double by 2018, from 18 per cent currently, to 37 per cent.
The anticipated growth will largely be driven by countries that still have developing green markets, with firms from Mexico, Brazil, Colombia, Saudi Arabia, South Africa, China and India reporting dramatic growth in the percentage of their projects that they expect to certify as green.
The study, from Dodge Data & Analytics and United Technologies Corporation, on which the World Green Building Council (WorldGBC) was a research partner, features the results of more than 1,000 building professionals from 69 countries – including Green Building Councils and their corporate members, from architects and contractors, to owners and engineers.
The study identified a green project that is either certified or built to qualify for certification under a recognised green standard, such as LEED, BREEAM, the DGNB System, Green Star and many other tools.
Other key findings from the report include:
- Global green building continues to double every three years.
- Brazil expects six-fold growth in the percentage of companies that expect to certify the majority of their projects green (from 6 per cent to 36 per cent); five-fold growth is expected in China (from 5 per cent to 28 per cent); and four-fold growth is expected in Saudi Arabia (from 8 per cent to 32 percent).
- Building owners report seeing a median increase of 7 per cent in the value of their green buildings compared to traditional buildings (an increase that is consistent between new green buildings and those that are renovated green).
- The most widely reported benefit globally is lower operating costs. But around 30 per cent of respondents also consider documentation and certification providing quality assurance, education of occupants about sustainability, and higher value at the point of sale as additional benefits which are important in their markets.
- The top sector for green building growth globally is commercial construction, with nearly half (46 per cent) of all respondents expecting to do a green commercial project in the next three years.
- Reducing energy consumption continues to be the top environmental reason for building green (selected as one of the top two reasons by 66 per cent of all respondents), protecting natural resources ranked second globally (37 per cent), and reducing water consumption ranked third (at 31 per cent).
Terri Wills, CEO of WorldGBC, and who is interviewed as a thought leader in the study, said: “This study offers further evidence on the strong business case for green building – the growth of which is now truly a global phenomenon. Green building is playing a critical role in the development of many emerging economies, particularly as their populations grow and create a pressing need for a built environment that is both sustainable and ensures a high quality of life.
“Green Building Councils and their members around the globe will play a pivotal role in delivering this projected growth, and their leadership and expertise will be vital in realising the multiple social, economic and environmental benefits that green buildings offer.”
TO READ THE FULL REPORT CLICK HERE