Investors Foresee a Bright Future If They Invest Smartly in Global Green Buildings Sector
The shelter is one of the basic needs of every human being. Since ages, the construction industry has witnessed many advancements and downfalls too. Since globalization, global construction market has seen a manifold increase in customer count and annual turnover as well.
Technological advancements have been started being incorporated in the construction industry. Some of them are proving to be blessings while some of them are causing pollution to the environment.
Currently, building (be it a residential or commercial complex) is one of the most important sources of greenhouse gas emissions. Hence, as the demand for more sustainable buildings options increases, green construction is becoming increasingly profitable (worldwide) and desirable within the international construction market.
In the U.S. alone, buildings account for almost 40% of national CO2 emissions and surprisingly leave behind national industrial and transport sectors. But green buildings in U.S have 34% lower CO2 emissions, consume 25% less energy and 11% less water and have diverted more than 80 million tons of waste from landfills.
If we talk about the scenario in emerging countries such as India, then Indian Bureau of Energy Efficiency (BEE) launched the energy conservation building code (ECBC). The code is set for energy efficiency standards for design and construction of a green building. The energy performance index of the code is set from 90kW.h/sqm/year to 200kW.h/sqm/year, where any that fall under the index mentioned above can be termed as ECBC compliant building. Moreover, the BEE has also launched a five-star rating scheme for office buildings in the country. The Reserve Bank of India’s buildings in Delhi, Bhubaneshwar, and Kerala have been star rated. So, in India, it’s an optimistic scenario for green buildings future.
As far the global market is concerned, it is responding to the cost effective and environmentally friendly green buildings in a dramatic way. According to a research report published by a prominent global research and consulting firm, the growth rate of global green building sector is 100% for every three years! That means the sector continues to double after every three years. This growth rate is simply enormous and businessmen have the brightest future if they invest smartly in the green building sector.
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