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Green Construction Plays Major Role in U.S. Economy According to Study

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The green movement has swept the United States, influencing everything from the clothing we wear to the food we eat to the cars we drive. In recent years, it’s also played a significant role in the design and construction of buildings. Contractors around the country have begun to develop a standard for construction that revolves around using renewable resources, conserving energy, and relying on sustainable materials. It’s become very popular, and a recent study shows that this style of construction plays a hefty role in driving the economy in the United States.

Study Overview

According to the study, which was performed by the U.S. Green Building Council (USGBC), adoption of this construction method is currently the most popular and growing quickly. The green building sector is taking the lead in overall construction numbers in the United States, since this sector alone contributes more than $134.3 billion in labor for the working class.

It’s predicted that by 2018, the industry will have grown so much that it will supply a whopping 3.3 million jobs for United States citizens, which will account for more than one-third of all jobs in the United States building and construction industry, with more than $190 billion awarded in labor earnings. Because of its contribution, the industry is expected to directly contribute $303.5 billion to the U.S. Gross Domestic Product (GDP) between 2015 and 2018.

In addition to the labor earning benefits, the study has projected a change in taxes as well. According to the official report, “The study projects significant growth in green building’s contribution to individual states’ tax contributions and environmental asset indicators at both the state and national levels.” Taxes for American citizens will begin to decrease in this area, successfully increasing the feeling of wealth among citizens.

“Our research shows that green building has created millions of jobs and contributed hundreds of billions of dollars to the U.S. economy, with the construction of LEED-certified buildings accounting for about 40 percent of green construction’s overall contribution to GDP in 2015,” said David Erne, a major contributor to the study. “This industry is certainly on the rise, and aggressive growth in the green building sector is anticipated over the next four years.”

Based on the findings of this study and Erne’s assessment, it’s clear that the green sector has, and will continue to have, a profound impact on the American economy.

The Reasons Behind the Drivers

As the results of the study clearly point out, the green sector of construction is obviously good for the economy. So, why it’s such a powerful motivator? Rick Fedrizzi, CEO and founding chair of USGBC stated, “Green building is playing a massive role in the U.S. construction sector, the clean and efficient energy sector and the U.S. economy as a whole … Demand for green building will only continue to grow as individuals, businesses and institutions continue to prioritize sustainable approaches to the design, construction and operations of our built environment.”

Fedrizzi’s statement identifies the primary reason for the growth in the green construction industry. Because businesses, individuals, political parties, and other organizations are beginning to recognize the impact of their lifestyles on the environment, it’s calling for direct action to prevent and slow its effects. Green building is now considered a business imperative, and individuals are beginning to take a greater interest in the world around them. As a result, environmentally-friendly businesses are taking the lead in their designated industries. As identified previously by Erne, this is a trend that’s not likely to go anywhere within the next few decades.

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Economy

A Good Look At How Homes Will Become More Energy Efficient Soon

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energy efficient homes

Everyone always talks about ways they can save energy at home, but the tactics are old school. They’re only tweaking the way they do things at the moment. Sealing holes in your home isn’t exactly the next scientific breakthrough we’ve been waiting for.

There is some good news because technology is progressing quickly. Some tactics might not be brand new, but they’re becoming more popular. Here are a few things you should expect to see in homes all around the country within a few years.

1. The Rise Of Smart Windows

When you look at a window right now it’s just a pane of glass. In the future they’ll be controlled by microprocessors and sensors. They’ll change depending on the specific weather conditions directly outside.

If the sun disappears the shade will automatically adjust to let in more light. The exact opposite will happen when it’s sunny. These energy efficient windows will save everyone a huge amount of money.

2. A Better Way To Cool Roofs

If you wanted to cool a roof down today you would coat it with a material full of specialized pigments. This would allow roofs to deflect the sun and they’d absorb less heat in the process too.

Soon we’ll see the same thing being done, but it will be four times more effective. Roofs will never get too hot again. Anyone with a large roof is going to see a sharp decrease in their energy bills.

3. Low-E Windows Taking Over

It’s a mystery why these aren’t already extremely popular, but things are starting to change. Read low-E window replacement reviews and you’ll see everyone loves them because they’re extremely effective.

They’ll keep heat outside in summer or inside in winter. People don’t even have to buy new windows to enjoy the technology. All they’ll need is a low-E film to place over their current ones.

4. Magnets Will Cool Fridges

Refrigerators haven’t changed much in a very long time. They’re still using a vapor compression process that wastes energy while harming the environment. It won’t be long until they’ll be cooled using magnets instead.

The magnetocaloric effect is going to revolutionize cold food storage. The fluid these fridges are going to use will be water-based, which means the environment can rest easy and energy bills will drop.

5. Improving Our Current LEDs

Everyone who spent a lot of money on energy must have been very happy when LEDs became mainstream. Incandescent light bulbs belong in museums today because the new tech cut costs by up to 85 percent.

That doesn’t mean someone isn’t always trying to improve on an already great invention. The amount of lumens LEDs produce per watt isn’t great, but we’ve already found a way to increase it by 25 percent.

Maybe Homes Will Look Different Too

Do you think we’ll come up with new styles of homes that will take off? Surely it’s not out of the question. Everything inside homes seems to be changing for the better with each passing year. It’s going to continue doing so thanks to amazing inventors.

ShutterStock – Stock photo ID: 613912244

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Economy

IEMA Urge Government’s Industrial Strategy Skills Overhaul To Adopt A “Long View Approach”

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IEMA, in response to the launch of the Government’s Industrial Strategy Green Paper, have welcomed the focus on technical skills and education to boost “competence and capability” of tomorrow’s workforce.

Policy experts at the world’s leading professional association of Environment and Sustainability professionals has today welcomed Prime Minister Teresa May’s confirmation that an overhaul of technical education and skills will form a central part of the Plan for Britain – but warns the strategy must be one for the long term.

Martin Baxter, Chief Policy Advisor at IEMA said this morning that the approach and predicted investment in building a stronger technical skills portfolio to boost the UK’s productivity and economic resilience is positive, and presents an opportunity to drive the UK’s skills profile and commitment to sustainability outside of the EU.

Commenting on the launch of the Government’s Industrial Strategy Green Paper, Baxter said today:

“Government must use the Industrial Strategy as an opportunity to accelerate the UK’s transition to a low-carbon, resource efficient economy – one that is flexible and agile and which gives a progressive outlook for the UK’s future outside the EU.

We welcome the focus on skills and education, as it is vital that tomorrow’s workforce has the competence and capability to innovate and compete globally in high-value manufacturing and leading technology.

There is a real opportunity with the Industrial Strategy, and forthcoming 25 year Environment Plan and Carbon Emissions Reduction Plan, to set long-term economic and environmental outcomes which set the conditions to unlock investment, enhance natural capital and provide employment and export opportunities for UK business.

We will ensure that the Environment and Sustainability profession makes a positive contribution in responding to the Green Paper.”

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