Green construction a major economic driver, says USGBC

October 5, 2015

Man installing alternative energy photovoltaic solar panels on roof[1]
A U.S. Green Building Council (USGBC) study says the green building sector is and will continue to be a major driver in the economy, as it produced 2.3 million jobs this year and $134.3 billion in labor. Photo courtesy BigStockPhoto.com/elenathewise

The U.S. Green Building Council (USGBC) announced the green construction sector contributed 2.3 million jobs this year and expects it to create up to 3.3 million by 2018.

The group’s “2015 Green Building Economic Impact Study[2]” says the sector is outpacing overall construction growth in the United States. The green construction industry contributes more than $134.3 billion in labor income to working Americans.

“Green building is playing a massive role in the U.S. construction sector, the clean and efficient energy sector, and the U.S. economy as a whole,” said USGBC’s CEO Rick Fedrizzi. “More than 2.3 million U.S. workers are taking home $134 billion annually in large part because of green building programs like Leadership in Energy and Environmental Design (LEED). Demand for green building will only continue to grow as individuals, businesses, and institutions continue to prioritize sustainable approaches to the design, construction, and operations of our built environment.”

LEED-certified buildings account for roughly 40 percent of green construction’s overall contributions to the Gross Domestic Product (GDP), which is expected to rise to $303.5 billion between 2015 and 2018. Total state earnings related to LEED building projects are estimated to reach $8.4 billion by 2018; Texas alone produces almost 1.3 million jobs.

The study, prepared by consulting firm Booz Allen Hamilton, states green building will contribute to significant savings across energy, waste management, water, and maintenance costs.

Endnotes:
  1. [Image]: http://www.constructionspecifier.com/wp-content/uploads/2015/10/bigstock-Solar-Panel-Installation-9354038.jpg
  2. 2015 Green Building Economic Impact Study: http://go.usgbc.org/2015-Green-Building-Economic-Impact-Study.html?mkt_tok=3RkMMJWWfF9wsRokvq%2FPZKXonjHpfsX74%2B4kUa%2Bg38431UFwdcjKPmjr1YAETMd0aPyQAgobGp5I5FENTLLYX7Nwt6AFUg%3D%3D

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