Why has Asia been slow to catch on to green buildings?
(Eco Business, 19 Apr 2017) Green buildings do not only make cities healthier environments to live in, they save money. So why have so many of the region’s cities been slow to embrace sustainable thinking, delegates wondered at a recent event in Malaysia.
Green buildings are good for the environment and ultimately save the construction business a lot of money. So why are so few buildings piercing Asian skylines with sustainability in mind?
According to a report by Research and Markets, the number of green buildings doubles every three years, and the global green buildings market is expected to grow at a compound annual growth rate of 13 per cent between 2015 and 2020. The green buildings solutions market is billed to be worth US$364 billion by 2022.
However, the report found that while major European cities such as Paris and London had a high percentage of green buildings (64 per cent and 68 per cent, respectively), Asian cities were only just making the switch.