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| green building technologies |
The Government of Alberta is taking a leading role in promoting energy efficiency, resource conservation and environmental measures through the growth of Alberta Green Building Technologies and Products industry. The government’s strategy on Green Building Technologies and Products is being developed with the hope that one day, many of these green technologies and products will be mandatory in the construction of new buildings.
Part of this strategy is driving the industry towards improving productivity and competitiveness using Building Information Modeling (BIM) technology. Increasing the awareness and implementation of BIM technology in sustainable building design is a key strategic initiative intended to elevate the global competitiveness of Alberta's building construction industry.
The Green Building Technologies and Products industry in Alberta is ripe for expansion due to rising demands for higher standards in building construction. Initial estimates reveal that:
Alberta’s new home buyers in 2009 spent an average of $6,250 (* per housing unit on green building materials and Green Building Technologies).
The Green Building Technology market in Alberta is valued at an estimated $800 million in 2009. The industry is anticipated to grow to $4.4 billion by the year 2025; 11% estimated yearly growth.
Green building spending historically has been strongest in non-residential markets (public buildings, office, commercial structures and industrial buildings) versus the residential construction.
The rate of growth in the residential green building will begin to outstrip that of the non-residential sector over the next decade and there will be considerable export demand potential.
The “green” trend driving this market growth is rooted in the following:
High energy prices are driving consumer demand for more energy efficient building products, as building owners look for ways to reduce their energy costs.
Declining resources of fresh water and conventional energy are driving a global demand for building materials to help conserve these valuable resources.
More stringent environmental regulations across governments are creating a greater need for greener building products.
Rising hospitalization rates for chronic breathing problems and cancers are driving demand for safer building products that promote better air quality.
The Green Building Technologies and Products industry is vital growth sector in Alberta, The province is home to a number of green communities and almost 500 LEED® registered projects underway or completed, and its industries are leading the way the production of green building materials that are wood-based and suited for extreme climate conditions.