Green Building: What a Difference Seven Years Makes
The New Green Building Market Has Grown Eight-Fold
McGraw Hill Construction (MHC) executives report that the commercial
green building market has seen increasing growth over the past eight years.
According to Harvey Bernstein, vice president, industry insights and alliances,
MHC, by 2016, $240 billion dollars will be devoted to green projects with
additional growth projected in the commercial market—and not just for
new buildings. “There is a real opportunity in the retrofit market to
move toward high-performance buildings,” said Bernstein during MHC’s Annual
Outlook Executive Conference.
Green Building Passes Tipping Point in
Commercial construction sectors are continually adopting green
building practices. While the U.S. Green Building Council’s Leadership
in Energy and Environmental Design (LEED) program may be leading the way
toward growth, it’s not the only reason this market is increasing. Bernstein
says there is a trend in pre-fabrication taking place as companies seek
to reduce construction waste. He adds, “Companies are interested in energy
disclosure reporting, transparency of the supply chain, life cycle assessment,
environmental declarations, etc.”
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