15 Sep '11, 3pm

Tapping business opportunities in "green" buildings

Tapping business opportunities in "green" buildings

SINGAPORE: The Singapore government has set an ambitious target to green 80 per cent of buildings by 2030, and it is not alone in the region. This trend is opening up big buck opportunities for construction and eco innovation firms, to tap into this budding building market. The Empire State Building recently underwent a retrofit to streamline its efficiency, cutting energy usage by 38 per cent, resulting in cost savings of $4.4 million annually. Smart technology firm Johnson Controls worked on the project, and said that it is enjoying growth of around 30 per cent in Asia. But selling green isn't easy, when the perception is that the costs outweigh the benefits. "What was very interesting was the actual extra cost of going green is roughly 5 per cent, however the perception of people in Asia is its closer to 25-30 per cent. The other thing is the amount of savings - they we...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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