Sustainable construction is emerging as a key growth area, with the global green building market projected to reach $394.4 billion by 2028, growing at 9.73% annually. This shift towards sustainability is not just an environmental imperative but also an economic opportunity, despite the initial complexity in implementation.
The construction industry currently consumes 36% of the world's energy and contributes 39% of global carbon emissions, including both operational and embodied carbon. According to Dodge Construction Network, over 90% of engineering and construction companies in the U.S. report that clients are demanding reduced embodied carbon in their projects.
Adopting sustainable practices, such as using renewable materials, incorporating water-efficient designs, and reducing construction waste, is becoming more practical. These practices not only reduce a project's environmental footprint but also offer long-term benefits like lower operational costs and enhanced project reputation. Moreover, sustainability is a job creator—generating over $134.3 billion in labour income in the U.S. alone, according to the U.S. Green Building Council.
As climate change continues to reshape our world, implementing low-carbon solutions in both new builds and retrofits is crucial for the construction industry's future success.
For more insights and case studies on sustainable construction, visit https://lnkd.in/eN2yZqex
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Vice President
2moInsightful