Thursday, March 19, 2009

The Future of Green Building in China

My most recent article published on explores the Future of Green Building in China.

China’s green building demand is mainly driven by multinational companies - to achieve the country's energy saving targets local companies need to commit to green building standards too.

Nearly half of the world’s new building construction will be in China by 2015, estimates the World Bank. A forecast by McKinsey Global Institute last year said that China will build a massive 40 billion square feet floor area over the next 20 years adding up to 50,000 new skyscrapers. Energy consumption by buildings in China grew from 10% of the national total in 1970s to 20% in 2006 and is estimated to shoot up to 35% by 2020, according to a study by the Asia Business Council, an association of chief executives of companies with business interests in Asia.

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