The country had around 15.90 million gross square meters (GSM) of LEED-certified space and an additional 89.28 million cumulative GSM of LEED-certified and registered space, totalling 2,386 projects participating in LEED across the country.
“With a focus on LEED and green buildings, India is prioritizing environmental and human health in the built environment on a holistic scale and helping us get one step closer to a green building for all within this generation,” said Mahesh Ramanujam, president and chief executive officer of USGBC.
LEED is the world’s most widely used and recognized green building rating system. The top 10 list highlights countries outside of the United States that are making significant strides in sustainable building design, construction and operations.
India is part of a growing international trend as global green building is expected to double every three years, according to a Dodge Data & Analytics World Green Building Trends 2016 SmartMarket Report, to which USGBC was a contributing partner.
China topped the 2016 rankings, with 34.62 million GSM, followed by Canada, India, Brazil, Republic of Korea, Taiwan, Germany, Turkey, Sweden and United Arab Emirates.
Emerging economies will continue to be engines of green growth, with development varying from twofold to sixfold over current green building levels.
“Increased consumer demand has also pushed the world’s green building market to a trillion-dollar industry, a surge that has led to a corresponding increase in the scope and size of the green building materials market, which is expected to reach $234 billion by 2019,” according to the report that was conducted across 70 countries.
At present, there are more than 82,000 commercial projects participating in LEED, totalling more than 1.4 billion GSM of space worldwide with an additional 112,000 residential units that have been certified under LEED homes. An estimated 170,000 GSM of space achieves LEED certification every day in more than 162 countries and territories across the globe.
Credits ET Realty