Global green building sector to double by 2018, report suggests

The green building sector is likely to more than double in size by 2018, data from a recently published report has been able to reveal.

The number of companies expecting to have more than 60% of their building projects certified green could grow from 18% currently to 37% in just two years, the poll by Dodge Data & Analytics and United Technologies Corporation, who also had support from the World Green Building Council (WorldGBC), has been able to reveal.

The report, which includes a survey of more than 1,000 building professionals from 69 countries, adds the growth will be largely driven by countries that still have developing green markets.

It claims businesses in China, India, Mexico, Saudi Arabia and Brazil are reporting "dramatic growth" in demand for green certification, with such emerging economies being expected to represent the "engines of green growth" in the next three years, with development varying from twofold to sixfold.

It also reveals expansion will continue in developed countries like the US, Germany and the UK.

The building owners surveyed believe green buildings, both new and renovated, result in a 7% increase in asset value compared to traditional buildings.

The most widely reported benefit globally was lower operating costs but around 30% of respondents also considered documentation, certification providing quality assurance, education about sustainability and higher value during point of sale as additional benefits.

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