China crucial to global building industry's sustainable change
3 months, 4 weeks ago

China crucial to global building industry's sustainable change

China Daily  

A green building in the Shenzhen International Low-Carbon City in Guangdong province, is among those in the special area that use sustainable energy sources. The revolution in the green building sector will open a $1.8 trillion global market opportunity by 2030, while China, as the world's largest construction market, can play a critical role in driving sustainable change across the global building industry, according to a report released by global consultancy Boston Consulting Group and World Economic Forum. The report said China, which is the largest building market in the world with more than half of the global production capacity for many building materials, has an important role in decarbonizing the building industry. The green transition of China's building value chain will not only create value and new business opportunities for industry players in China, but could also help catalyze the development and adoption of green building products and services globally, it added. "We must act quickly so that we can leverage China's sizeable contribution to greening the global building value chain."

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