16 Aug '11, 3pm

Green Building Industry to Hold 20% Share by 2013

In only a handful of years, green building has moved from obscurity to a significant trend in the global construction market. Canaccord Genuity expects its share of the world construction market to be over 20% by 2013. Longer-term, they expect green building practices to become the norm in the construction industry. Currently. the US green building market is estimated at $36 billion - $49 billion, representing about 10%-12% of total construction dollars spent annually, according to McGraw-Hill. While green building historically has represented little more than an interesting niche market driven by forward-thinking architects and builders, the mainstream building industry is opening up to these practices given accelerated demand and attractive tangible returns, says Canaccord. The Environmental Protection Agency (EPA) describes a green building as one that reduces its "dire...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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