Australia continues to lead the world’s green building sector, with further growth predicted over the next three years, according to a new report from Dodge Data & Analytics.

The World Green Building Trends 2018 SmartMarket Report indicated that the international market for green construction projects has grown dramatically over the past 10 years, with demand for green buildings poised to grow further. It noted the importance of green building retrofits and renovations, identifying these performance upgrades as critical for meeting carbon-neutral targets worldwide.

The report found that the construction industry is increasingly shifting towards sustainable materials and practice, especially as perceptions that green buildings are costlier to build than traditional buildings continues to decline. Two thirds of the study’s participants indicated that see third-party certification as an effective way to build better performing buildings.

46% of Australian participants reported that more than 60% of their projects were in the green building space, the highest of any country, and 64% expected that by 2021 the majority of their work would be in green building.

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