New report: green building can lead Australia's economic recovery
A new research report confirms that green building can lead Australia's largest employment sector towards recovery, says the Green Building Council of Australia (GBCA).
Retrogreening Offices in Australia, released by Davis Langdon, estimates that refurbishing a significant quantity of office stock across Australia would create jobs for more than 10,000 people in the construction industry - which translates into almost 27,000 new jobs across the broader economy.
According to the Chief Executive of the GBCA, Romilly Madew, the construction industry employs 9 per cent of the national labour force - and any fluctuation in the construction sector has a significant impact across the broader Australian economy.
"The report finds that for every 'green collar job' created as a result of retrofitting existing office stock, there is a potential annual saving of approximately 300 tonnes of greenhouse gas," Ms Madew says.
"What's more, this research clearly demonstrates that greening our existing office buildings will provide more value than the immediate impact on the environment. We will create jobs growth without needing to create additional office stock - future proofing our existing buildings, ensuring they perform closer to new standards and addressing tenant expectations for green buildings," Ms Madew adds.
Of Australia's 21 million square metres of existing office stock, 81 per cent is more than ten years of age, equalling more that 17.5 million square metres.
"This report is proof positive that support mechanisms such as accelerated depreciation and incentives will not only help to unlock our buildings' carbon reduction capacity, but also enable the property sector to be an economic driver in these tough times," Ms Madew concludes.
About the Green Building Council of Australia
The Green Building Council of Australia (GBCA) is Australia's leading authority on green building. The GBCA was established in 2002 to develop a sustainable property industry in Australia and drive the adoption of green building practices.
The GBCA has more than 750 member companies who work together to support the Council and its activities. The GBCA promotes green building programs, technologies, design practices and processes, and operates Australia's only national voluntary comprehensive environmental rating system for buildings - Green Star.
For a copy of the report or more information:
Green Building Council of Australia
Phone: 0412 179 135