Green Initiatives And Sustainability
Creating a Sustainable Future Through Building Preservation, Green Restoration, and Smart Reconstruction Design.
"Think Globally. Act Locally."
Green and sustainable building practices have experienced unprecedented growth as the fastest growing US industry in the last 5 years and will be a critical component for property owners to remain profitable and relevant in the marketplace.
Trends, Statistics and Projections:
The number of LEED (Leadership in Energy and Environmental Design) certified projects in the United States rose from 296 certifications in 2006 up to 33,629 in 2016. Congruently, the green share of the U.S. non-residential construction market grew by 2500% over the same previous decade.
It is estimated by the year 2035, that 75% of all buildings will be new or renovated with continued market focus and exponential growth in green and sustainable construction and reconstruction.
In the United States alone, buildings account for almost 40 percent of national CO2 emissions and out-consume both the industrial and transportation sectors, but LEED-certified buildings have 34 percent lower CO2 emissions, consume 25 percent less energy and 11 percent less water, and have diverted more than 80 million tons of waste from landfills.
The market is responding to these cost savings and environmental benefits at a dramatic rate. According to a Dodge Data & Analytics World Green Building Trends 2016 SmartMarket Report, the global green building sector continues to double every three years, with survey respondents from 70 countries reporting 60 percent of their projects will be green by 2018.
The green building sector is outpacing overall construction growth in the United States and will continue to rise. By 2018, green construction will directly contribute 1.1 million jobs and $75.6 billion in wages by 2018 in the United States. The industryÕs direct contribution to U.S. Gross Domestic Product (GDP) is also expected to reach $303.5 billion from 2015-2018. LEED building construction projects are estimated contribute 386,000 jobs and $26.2 billion in wages by 2018.
As of January 2017, more than 17.1 billion square feet of building space is LEED-certified worldwide and an approximately 2.2 million square feet achieves LEED certification each day.
What does all this mean to you? It's vital for building and business owners to follow the trends and stay relevant for increased viability and market-share as global demand for sustainable buildings continues to rise.