The International Energy Agency estimates that today's buildings are responsible for more that 40% of the world's total energy consumption and for 24% of global carbon dioxide emissions – exceeding those of the whole transportation sector.
Green buildings are designed to reduce the overall impact of the built environment, on human health and the natural environment. The Environmental Protection Agency advises this to be done through:
- Efficiently using energy, water, and other resources
- Protecting occupant health and improving employee productivity
- Reducing waste, pollution and environmental degradation
In addition to improving our world for future generations and improving the quality of life for people who live or work within a green building there are also a range of economical benefits. Perceived costs of green buildings are generally overestimated whilst the environmental impact of buildings is often underestimated.
Studies have shown that most green buildings cost a premium of less than 2% but are found to yield 10 times as much in savings over the entire life of the building - usually through more efficient use of utilities and energy related cost savings. (1) There is also evidence showing that environmentally certified buildings usually achieve significantly higher rents, sale prices and occupancy rates as well as lower capitalization rates. (2) New technologies are constantly being developed to complement current practices in creating more environmentally friendly buildings. Terraco is a firm believer in green building and actively works to promote awareness to inform the construction industry of the associated benefits.
Please refer to Our Green Principals with regards to how Terraco helps you in achieving your goals of Building Green.
(Sources: (1) Greg Kats, Leon Alevantis, Adam Berman, Evan Mills, Jeff Perlman. The Cost & Financial Benefits of Green Buildings, Nov 3rd – 2008. (2) Franz Fuerst, Pat McAllister. Measuring the effects of Environmental Certification on Office Property Values. 2009)