January 7, 2009

Green Building is still recession-proof

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The consulting firm Yudelson Associates predicts that green building will continue to grow in spite of the global credit crisis and the ongoing economic recession in most countries.
"What we're seeing is that more people are going green each year, and there is nothing on the horizon that will stop this trend," explains Jerry Yudelson, the principal of Tucson-based Yudelson Associates.

Some of the drivers and trends for this forecast include cumulative growth (80% in 2008) for new LEED (Leadership in Energy and Environmental Design) projects; incoming benefits from the new Obama administration; the switch from new buildings to greening existing buildings; water conservation in buildings; use of alternative energy in buildings (e.g. solar); zero net energy designs for new buildings; large number of new green housing developments in the U.S. and Canada; and European green building technologies becoming more widely adopted in the U.S. and Canada.

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