China has been hailed as a trailblazer for green building development in a new report created by the CRBE. The real estate firm also predicted that by 2020, China will be home to seven billion square feet of urban green buildings.
The New Era of Green Buildings in China report provides an insight into the progress that the nation has made since the government’s decision to construct greener infrastructure.
The CRBE found that in January 2015, there was over 2500 environmental building projects being undertaken in the country.
The company also uncovered that 627 Leadership in Energy and Environmental Design (LEED) projects were underway across the country. So far this year, China is already looking to construct more than 300m square metres of green buildings.
‘‘Adding the green building stock certified under the China Green Standard and LEED together, China already has 3165 certified green buildings, amounting to a total GFA of 320 million sq. m, slightly higher than the 310 million sq. m of certified LEED GFA in the US,’’ stated the report.
The report doesn’t just celebrate China’s success; it also looks towards the future, estimating how many more green buildings the country will build within the next 5 years.
‘‘CBRE estimates that in the period between 2014-2020, the total new construction of urban green buildings is expected to reach seven billion sq. m.’’
‘‘This massive boom in the construction of green buildings will usher in unprecedented opportunities for development.’’
The CRBE also establishes the guidelines that China is operating under when creating these new buildings.
One of the key aims for China is to make sure that more green buildings are developed in its deprived areas, with ‘‘more than 80 per cent of domestic green construction projects are located in the top 10 provinces in terms of GDP.’’
China also wants to make more money from its environmental investments. Revenue generated by commercial green buildings accounts for less than 30 per cent of total green building area in the region.