Green building could create an economic boom when the real estate market recovers, according to a study by the U.S. Green Building Council, which says the industry could generate 7.9 million jobs in the next four years.
The study, released on the first day of the council’s Greenbuild International Conference and Expo in Phoenix and conducted with Booz Allen Hamilton, said green building could generate about $554 billion in gross domestic product between now and 2013 with about $396 billion of that coming in wages.
That would be a big increase from the roughly 2 million people employed nationwide by the green building industry that currently pumps about $100 million into the GDP. Between 2000 and 2008, green building contributed $173 billion to the economy.
“Our goal is for the phrase ‘green building’ to become obsolete, by making all building and retrofits green and transforming every job in our industry into a green job,” said Rick Fedrizzi, president, chief executive and founding chairman of the Green Building Council.
The study looked at the total value of green buildings from the architects to the laborers.
Green building has been an increasing industry standard as more companies adopt Leadership in Energy and Environmental Design, or LEED, standards.
That designation itself, according to the study, will contribute about $12.5 billion to the green building total and provide about 230,000 jobs
http://sacramento.bizjournals.com/sacramento/stories/2009/11/09/daily51.html
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