A McGraw-Hill Construction study estimates that the value of green building construction could increase a possible 300 percent to as much as $140 billion by 2013.

Green Outlook 2009 observes that green building construction’s value has risen by a factor of five between 2005 and 2008, increasing from $10 billion to an estimated range of $36 billion to $49 billion.

“Green growth is phenomenal across the globe,” says McGraw-Hill’s Harvey M. Bernstein. “The business opportunities afforded by green building, even in the midst of a global economic crisis, are real and recognized by industry players.”

Green Outlook 2009 comes on the heels of two other highly positive McGraw-Hill reports: A September report predicted a major surge in growth and profits in green construction globally, while a second study in October concluded that green residential construction is continuing to trend upward despite the economic downturn.

Source: GreenerBuildings (11/19/2008)

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