India Ranks Third In Global LEED Rankings
Amid widespread violations in the implementation of its housing laws and mushrooming of unauthorised colonies, India offers hope as far as its green buildings are concerned. In a recently concluded survey, India was ranked third in the US Green Building Council (USGBC) annual ranking of the top 10 countries for LEED (Leadership in Energy and Environmental Design). A trillion-dollar industry, the market is expected to grow to $234 billion by 2019. China led the pack, closely followed by Canada, India, Brazil, Republic of Korea, Taiwan, Germany, Turkey, Sweden and United Arab Emirates.
What are LEED buildings?
LEED-certified buildings save energy and water, thus, helping residents and businesses give back to the environment and make savings in the process. These buildings help trim carbon emissions and create a healthier environment for residents in particular and community in general. The analysis used to develop the list ranks countries in terms of cumulative commercial LEED-certified gross square metres (GSM) space.
Why are rankings so important?
As buildings make up for an approximately one-third of global emissions, a green certification provides cost-effective solutions to climate change because structures generate significant environmental, economic and societal benefits.
How India made the cut?
India has 15.9 million GSM of LEED-certified space and an additional 89.28 million cumulative GSM of LEED-certified and -registered space. With 2,386 projects, having participated in LEED across the country, India is among the top 10 countries making considerable progress in sustainable building designs, its construction and operations.
The analytics company's World Green Building Trends 2016 Smart Market Report, too, has predicted that emerging economies will be the engines of green growth, with up to six-fold development of the green building.
The USGBC, which is striving to achieve zero carbon footprints in the buildings sector, terms India a driving force in making ecological structures. Its president and chief executive officer Mahesh Ramanujam told an English daily: “With a focus on LEED and green buildings, India is prioritising environmental and human health… on a holistic scale and helping us get one step closer to a green building for all within this generation.”
Till date, 82,000 commercial projects have involved LEED, which tots up to more than 1.4 billion GSM of space worldwide. Additionally, 112,000 residential units have also been certified under LEED homes.