Environmental Leader (09/16/15)
The green building industry contributed more than $134.3 billion in labor income and accounted for more than 2.3 million U.S. jobs this year, according to a U.S. Green Building Council study conducted by Booz Allen Hamilton. The growth rate of U.S. green construction is rapidly outpacing conventional construction, and is rising. By 2018, more than 3.3 million U.S. jobs will be in green construction, and they will generate $190.3 billion in labor earnings. The industry will contribute $303.5 billion to the U.S. Gross Domestic Product (GDP) from 2015-2018. The green building sector has made an enormous contribution to U.S. job creation and GDP with “the construction of LEED-certified buildings accounting for about 40 percent of green construction's overall contribution to GDP in 2015,” says Booz Allen Hamilton's David Erne. In addition, the study found continued growth in green building is projected to increase total state earnings in tax contributions by $8.4 billion by 2018. The U.S. market for green building materials will reach $69 billion by 2019, according to a BBC Research report.