Dive Brief:
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The United States is the world’s largest market for green building construction, according to the newly released Global Green Building Market Outlook 2020.
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The Asia-Pacific regions are “showing significant growth” in that arena, according to a summary of the report, which analyzed the state of green building in North America, Europe and Asia-Pacific.
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The report’s authors forecast that green building will grow worldwide by approximately 3% over the next five years.
Dive Insight:
The impetus for the growing use of green building practices is twofold, the report noted. First, government regulations across the globe have encouraged the expansion of energy-efficient and environmentally conscious construction. Second, builders and their clients have a growing awareness of global warming and climate change, and of the impact green building techniques have on those environmental conditions.
The report is available for purchase here.