Where is the Global Green Building Industry Headed?
Study Finds Global Green Building is Expected to Double by 2018. The global green building is expected to double every three years, according to a Dodge Data & Analytics World Green Building Trends 2016 SmartMarket Report?
Conducted in 70 countries, the report found that emerging economies like China, India and Brazil will be engines of green growth, with development varying from twofold to sixfold over current green building levels. Increased consumer demand has also pushed the world’s green building market to a trillion-dollar industry, a surge that has led to a corresponding increase in the scope and size of the green building materials market, which is expected to reach $234 billion by 2019.
How is LEED doing?
LEED, or Leadership in Energy and Environmental Design, is the world’s most widely used green building rating system. The United States, where LEED originated remains the world’s largest market for LEED.
Currently, there are more than 82,000 commercial projects participating in LEED, totaling more than 1.4 billion GSM of space worldwide. An additional 112,000 residential units have been certified under LEED Homes. An estimated 170,000 GSM of space achieves LEED certification every day in more than 162 countries and territories across the globe.
USGBC recently announced International Ranking of Top 10 Countries for LEED outside the US.
China tops list as demand for sustainable buildings outside of U.S. continues to drive LEED, green construction.
The full ranking is as follows (Source: USGBC)
As noted earlier, the Dodge study finds global green building to double by 2018. While this increased share of global green building is impressive, it is significantly less than many developing countries included in the survey. For example, Brazil expects six-fold growth (from 6 percent to 36 percent) in the percentage of companies conducting a majority of their projects green; five-fold growth is expected in China (from 5 percent to 28 percent); and fourfold growth is expected in Saudi Arabia (from 8 percent to 32 percent).
Are you prepared?
As buildings currently account for an estimated one-third of global emissions, green buildings are one of the most cost-effective solutions to climate change because they generate significant environmental, economic and societal benefits. Companies and professionals should stay ahead of the game to take advantage of this green movement across the globe. LEED continues to lead the green building rating system world. Are you prepared for LEED v4? LEED v4 is the newest version of LEED which has become mainstream now. All new projects must register under LEED v4 for certification. Projects registered under previous versions of LEED has an opportunity to upgrade to LEED V4. Interested in becoming a LEED Green Associate or LEED Accredited Professional? Add a LEED credential in less than 5 weeks with GBRI’s LEED Exam Prep.
Many projects utilize multiple green building rating systems including LEED, WELL, Living Building Challenge and BREEAM to certify and showcase their green building project. We believe that educating ourselves about the opportunities, problems, and solutions is the first step towards creating sustainable green buildings and communities around the world. With 100s of Sustainability Courses, LEED Green Associate Exam Prep, LEED AP Exam Prep and WELL AP Exam Prep, GBRI (USGBC Education Partner & AIA Education Provider) offers a one stop shop for all your Sustainability, Green Building and Wellness education.
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