Green Building Could Hit $140 Billion By 2013
The value of green building construction starts was up from $10 billion in 2005 to $36-$49 billion in 2008, and could triple by 2013, reaching $96-$140 billion, according to McGraw-Hill Construction’s Green Outlook 2009: Trends Driving Change report.
The report attributes green building’s expansion to growing public awareness, an increase in government regulations, and recognition of bottom-line advantages. Since 2005, the perceived benefits of green building have increased and differentiated as people become more knowledgeable about green building.
The decrease in operating costs is the most often cited benefit (13.6%, up from 8-9% in 2005), followed by the increase in building values (10.9%, up from 7.5% in 2005).
Energy Manager News
- Drama Aside, Tesla’s Acquisition of SolarCity Makes Sense
- SunPower Solar Technology Breaks 24% Energy Efficiency Mark
- U.S. Data Centers Increasing Energy Efficiency
- A New Role for Mats: Promoting Sustainability
- Palmco to Refund $4.5M to New Jersey Consumers for Deceptive Sale Practices
- SolarCity Poll: Most Illinois Residents Oppose Utility Demand Charges
- Behind the Meter Podcast: Seeing U-Haul’s HQ Parking Structure in a New (LED) Light
- Uninterruptible Power Supplies: The Case for Moving Beyond Batteries