Feb 06, 2009
Sub-Saharan African firms show willingness to adopt green-building techniquesBack
Construction|Engineering|Africa|Bowerbank|McGraw-Hill|Projects|Africa|Asia|United States|Building|Green Building|Green-building|Manufacturing|Solutions|Environmental|World Green Building Council|Andrew Bowerbank|Harvey Bernstein|Infrastructure|The World|Sub-Saharan Africa
© Reuse this
Office and residential property markets will lead the green building sector’s growth in this region and, even in a sluggish market, these trends indicate that green building will represent an important area for market growth in the future, according to McGraw-Hill’s ‘Global Green Building Trends: Market Growth and Perspectives from Around the World’ report.
About 700 respondents from 45 countries participated in the survey, and 59% of sub-Saharan African respondents indicated that firms were building green on at least 16% of their projects. This is expected to grow to 93% by 2013, up from 16% in 2003, while, by 2013, about 44% of sub-Saharan firms are expected to be dedicated to green on at least 60% of their projects.
Meanwhile, 49% of sub-Saharan respondents expect rapid sales and profit growth from green, while 51% indicated that the top business reason for supporting green building was that “it is the right thing to do”, with 47% saying that the social drive behind it was to support the domestic economy and 74% of respondents indicating that a challenge for green building was higher first costs.
McGraw-Hill Construction industry analytics, alliances and strategic initiatives vice-president Harvey Bernstein tells Engineering News that green building is becoming a global movement.
“Firms around the world are awakening to the positive business, and the environmental and societal impacts of green building, and there is a growing need for market intelligence about global and regional trends. The level and nature of market activity vary by region, but, overall, we are seeing widespread growth as green becomes increasingly visible throughout the global marketplace,” says Bernstein.
“It’s important to recognise that buildings and infrastructure globally contribute 40% of the greenhouse-gas emissions that are forcing climate change,” says World Green Building Council (WGBC) executive director Andrew Bowerbank.
“This is more than what the transportation or manufacturing sectors contribute. It is critical now that industry leaders recognise current environmental opportunities in the marketplace and begin to collaborate to demonstrate effective solutions,” adds Bowerbank.
The report, which was produced in partnership with the WGBC, indicates that, by 2013, 53% of firms worldwide expect to be largely dedicated to green building on more than 60% of their projects, compared with the current 30%. The fastest-growing regional green build- ing market is Asia, where the number of firms largely dedicated to green building is expected to increase from the current 36%, to 73%, in 2013.
Edited by: Martin Zhuwakinyu© Reuse this Comment Guidelines (150 word limit)
Other News This Week News
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
This Week's Magazine
JSE-listed real estate investment trust (REIT) Rebosis Property Fund achieved a distribution growth of 8.1% to 99.45c per linked unit in the financial year ended August 31, despite volatile market conditions.
A low-cost, inflatable incubator won this year’s international James Dyson design award, which aims to encourage and inspire the next generation of design engineers.
The World Bank released its ‘Doing Business 2015: Going Beyond Efficiency’ report last month and ranked South Africa 43 out of 189 global economies for its ease of doing business, with Singapore topping the rankings.
Air Products South Africa officially launched its R300-million Eastern Cape air- separation unit (ASU), at its new manufacturing facility in the Coega Industrial Development Zone (IDZ), earlier this month. It is the second facility that Air Products launched in South...
BMW South Africa (SA) has signed a power purchasing agreement with energy company Bio2Watt. The offtake partnership will bring renewable energy to the carmaker’s Rosslyn plant, north of Pretoria.