USGBC to release report on Green Building trends
Partnering with Dodge Data and Analytics, the report covers nearly 70 countries in the world, exploring the growing interest of green building development
The USGBC Group has unveiled alongside its partner, Dodge Data & Analytics, the latest iteration of the World Green Building Trends 2016 SmartMarket report.
With participates hailing from nearly 70 countries from across the globe, the report’s finding predicts the market for green building development is set to double every three years.
Furthermore, the market report also found that emerging economies, such as Saudi Arabia, South Africa, Brazil and India, will likely become centres of green growth. These nations are expected to almost triple in the number of green building levels development.
Rick Fedrizzi, CEO and founding chair, USGBC: “International demand for green building, due in great part to the LEED green building program’s global popularity, has grown steadily over the years.”
He added: “Countries are looking for tools that support stable and sustainable economic growth. International business leaders and policymakers recognize that a commitment to transforming the built environment is crucial to addressing major environmental challenges.”
Dodge Data and Analytics’ report has also found that the green building market is now a trillion-dollar industry. Additionally, the size of the green building material market is expected to reach $234bn by 2019.
Countries such as the US, Germany and UK will continue to increasing development of green assets as well. Meanwhile, a number of survey respondents from across the globe predict that more than 60% of their respective projects will be green by 2018.
LEED-certification will also continue to be a highly sought standard across buildings.
Mahesh Ramanujam, COO, USGBC, shared: “The growth of LEED reflects its global adaptability as the world’s most widely used and recognized system guiding the design, construction, operations, and maintenance of green buildings.
“LEED is a critical tool in creating structures that mitigate greenhouse gas emissions; create healthier indoor environments for workers, students and community members; and lower utility bills for building owners through reduced energy and water use.”