Asia Enjoys The Highest Growth In Green Building Market

Indian and Chinese building sectors are the major growth drivers in this region. The Chinese building market is chiefly driven by demand for commercial building space. The commercial office buildings with an area between 100,000 and 150,000 square meters and residential developments spanning across more than 500,000 square meters of construction area will be in demand in China over the next 15 years. A growing market combined with favorable government policies mark the Asia-Pacific region as the next growth driver for the global green building industry in the coming years.

Green buildings help to reduce carbon dioxide emissions through low consumption of energy. The global carbon offset trading market stood at around US $100 billion in 2008. Globally, buildings account for 39% of total energy usage and 38% of the carbon dioxide emissions. Green buildings use 30% lesser energy than the conventional buildings and thus help to reduce CO2 emissions. Reduction of each ton of CO2 will lead to generation of one Certified Emission Reduction (CER) valued at around US $16 in the United States and around US $22 in Europe.

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Source: PR Log, 2009-10-21, Link