Green Building Market to Experience 13% Growth Rate through 2020
The global green building market is anticipated to grow at a CAGR of around 13% during 2015-2020, according to a report from Research and Markets. Strong growth is attributed in part to the rising awareness of global warming and climate change issues and the knowledge that green building techniques lead to a lower level of greenhouse gas emissions.
Other drivers of growth include multiple government policies supporting green building construction, growing awareness of energy efficiency, and the cost-effectiveness of green buildings. Leading global players include BASF, DuPont, Owens Corning, PPG Industries, Saint Gobain, Lafarge, Kingspan, Forbo Intenational, Interface and Alumasc Group.
Though the US has the biggest market for green building construction, developing economies in Asia-Pacific are also showing significant growth in this sector, according to the report.
Fannie Mae will grant a 10 basis point reduction in the interest rate of a multifamily refinance, acquisition or supplemental mortgage loan for buildings with a green building certification. For example, if the market interest rate is 4 percent on the multifamily loan, the new rate is 3.9 percent with this pricing break. On a $10 million dollar loan amortizing over 30 years, the owner would save $95,000 in interest payments over a 10-year term.
Energy Manager News
- Two Critical Questions to Ask Yourself About Your Current Energy Contract
- Pepco and Exelon Say Customers Have Benefitted$440 Million Since Merger
- ICC Issues Stringent Consumer Protection Rules For Retail Electric Suppliers
- Tesla’s Battery Storage Device Put to Use. Time to Exhale?
- Variable Speed Drives are a Powerful Efficiency Tool
- Veolia Checks Into the UK’s Tallest Hotel
- Massachusetts Aims for Critical Care Resiliency
- State of Michigan and MISO Propose Retail Capacity Charge