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Certified green construction value in 2011 reached nearly $70 billion

May 08, 2012 |
Dwight Perkins

A new report provides a good temperature reading on the impact of sustainable standards in the construction industry. The total amount of building construction certified as meeting some form of green standard was nearly $70 billion worldwide in 2011, according to a report by industrial and energy market research publisher SBI Energy.

SBI Energy forecasts that the global green construction market will reach almost $150 billion by 2016, and $294 billion by 2021. Non-residential buildings recorded the major share in the green market at $51 billion in 2011, but green homes currently represent the fastest-growing segment of sustainable construction. The market value of homes that received LEED certification jumped from $39 million in 2007 to $17.15 billion in 2011.

Regulatory instruments, governmental initiatives, and financial support mechanisms, together with growing consumer awareness and expectations, all put pressure on construction market participants to adopt more green practices in 2011, SBI Energy notes. The role of buildings in energy efficiency policy is expected to grow in the next few years, both at the national level and globally, the firm says. Investments in improved energy efficiency of buildings could generate an additional 2 million to 3.5 million green jobs in Europe and the U.S. alone.



NOTE:This information is the opinion of the author/blogger and not the official position of IAPMO.

Dwight Perkins | Codes and Standards

Dwight Perkins is the Senior Director of Field Operations for the International Association of Plumbing and Mechanical Officials (IAPMO) and orchestrates the code adoption efforts of 11 other IAPMO Field Service regions as well as directly working with the state code agencies in Alaska, Arizona, California, Hawaii, Nevada and Oregon. Mr. Perkins has more than 35 years experience in the plumbing industry starting as an Apprentice in Alaska moving through the ranks to become a Journeyman Plumber and Business Manager of with UA Local 262. Prior to joining IAPMO, Perkins served in the City and Borough of Juneau Assembly while worked as Deputy Commissioner for the Alaska Department of Labor and Workforce Development. He is extremely familiar with the demands jurisdictions face on a daily basis and he is particularly well suited to address those needs. Mr. Perkins may be contacted at IAPMO at 503-982-1193 or email

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