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New SmartMarket Report on Green Building Released

By Nathesh, TMCnet Contributor

McGraw-Hill Construction (MHC) has announced the release of a new SmartMarket report on green building market trends that reveals a rapid growth in green building around the world.

 

The new report titled "Global Green Building Trends: Market Growth and Perspectives from Around the World," includes market activity, key triggers and obstacles, and trends in renewable energy driving green building in seven regions around the world.

 

The report notes that by 2013, 53 percent of responding firms expect to be largely dedicated to green building, which is only 30 percent at present.

 

Firms everywhere are awakening to the positive business, environmental and societal impacts of green building as well as the benefits of maintaining a green work environment.

 

The study finds 86 percent of firms expect rapid or steady growth in sales and profit levels associated with green building.

 

Solar power is the most common form of renewable energy in every region, used by over half (52 percent) of industry professionals today and is expected to grow to 76 percent in the next five years.

 

According to the report, the most dramatic growth is expected in wind power use (57 percent expected in 2013, up from 20 percent today), followed closely by geothermal power (expected to double from 22 percent today to 45 percent in 2013).

 

"It's important to recognize that buildings and infrastructure globally contribute 40 percent of the green house gas emissions that are forcing climate change," said Andrew Bowerbank, World Green Building Council executive director.

 

"This is more than what the transportation or manufacturing sectors contribute. It is critical now that industry leaders recognize current environmental opportunities in the marketplace and begin to collaborate to demonstrate effective solutions."

 

INTERNET TELEPHONY Conference & EXPO West 2008 — the biggest and most comprehensive IP communications event of the year — concluded Thursday in Los Angeles, California. Thousands of attendees flocked to the event for three valuable days of exhibits, conferences and networking opportunities. Mark your calendar now for ITEXPO East 2009, February 2-4, 2009, in sunny Miami, Florida.

 

Read archived editions of Show Daily eNewsletters from ITEXPO (News - Alert) West 2008 here. See you in February!

Nathesh is a contributing editor for TMCnet. To read more of Nathesh's articles, please visit his columnist page.

Edited by Stefania Viscusi