New Report Highlights Growth
in Green Construction
> ACCORDING TO A REPORT by the U.S. Green Building
Council (USGBC), based on research conducted by Booz
Allen Hamilton, the green building sector is outpacing overall
construction growth in the United States and accounted for
more than 2. 3 million U.S. jobs in 2015.
The “2015 Green Building Economic Impact Study” found
that the green building industry currently contributes more than
$134 billion in labor income to U.S. workers.
By 2018, according to the study, green construction will
account for more than 3. 3 million jobs—more than one-third
of the entire U.S. construction sector—and will generate $190
billion in labor earnings. The industry’s direct contribution
to the U.S. gross domestic product (GDP) is expected to reach
$303.5 billion from 2015 to 2018.
“Green building is playing a massive role in the U.S.
construction sector, the clean and efficient sector, and the U.S.
economy as a whole,” said Rick Fedrizzi, CEO and founding
chair of the USGBC. “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.”
The new study also explored the multifaceted economic
contribution of green construction to the U.S. economy, such
as quantifying the economic impact of green building and,
specifically, Leadership in Energy and Environmental Design
“Our research shows that green building has created millions
of jobs and contributed hundreds of billions of dollars to the U.S.
economy, with the construction of LEED-certified buildings
accounting for about 40 percent of green construction’s overall
contribution to GDP in 2015,” said David Erne, a senior associate
at Booz Allen Hamilton. “The industry is certainly on the rise,
and aggressive growth in the green-building sector is anticipated
over the next four years.”
Earnings related to LEED building construction projects in
all 50 states are estimated to total $8.4 billion by 2018. In Texas
alone, according to the report, approximately 1. 25 million jobs in
the green-building sector are projected between 2015 and 2018.
Overall, green building will also contribute to significant
savings across energy, trash, water and maintenance costs.
The report, of course, bodes well for electrical contractors
who specifically market to the green-building sector or work on