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Studies point to long-term green construction growth
Recent research and commentary in the US point to the extent that construction and retrofits gradually are going green.
Companies involved construction in the U.S. plan on intensifying their involvement in green building over the next three years, according to the new World Green Building Trends Study.
The U.S. is also one of the global leaders in the percentage of firms expecting to construct new green institutional projects and green retrofits of existing buildings.
The global study, which received additional support from inter alia the U.S. Green Building Council, positions the U.S. as a strong participant in the global green movement.
According to the report, U.S. construction should see an increase in the share of green work in the next few years, largely as a result of companies intensifying their involvement in the green building industry. An increasing percentage of respondents projected that more than 60% of their projects would be green projects – from 24% of respondents in 2015 to 39% in 2018. Respondents projecting that fewer than 15% of their projects would be certified green plummeted from 41% in 2015 to 27%by 2018.
The study also provides specific comparisons with 12 other countries: Australia, Brazil, China, Colombia, Germany, India, Mexico, Poland, Saudi Arabia, Singapore,South Africa and the United Kingdom.
For example, Brazil expects six-fold growth (from 6% to 36%) in the percentage of companies conducting a majority of their projects green; five-fold growth is expected in China (from 5% to 28%); and four-fold growth is expected in Saudi Arabia (from 8% to 32%).
In the U.S., the highest percentage of respondents to the survey report that they expect to work on new green institutional projects (such as schools, hospitals and public buildings), green retrofits of existing buildings and new green commercial construction (such as office and retail buildings) in the next three years.
The study demonstrates the benefits of building green, with median operating cost decreases for green buildings of 9% expected in just one year globally. Building owners also report seeing a median increase of 7% in the value of their green buildings compared to traditional buildings, an increase that is consistent between newly built green buildings and those that are renovated green. These business benefits are a critical driver for the growth of green building anticipated globally.
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