By 2020 green buildings will account for 30 percent of all new construction projects in China according to a new document just released by the Chinese government.
What’s more, the report from the Ministry of Finance and the Ministry of Housing and Urban-Rural Development represents the Chinese government’s first ever target for the construction of green buildings.
The news is hardly surprising given that the construction sector in China is expected to account for more than 30 percent of all social energy consumption by 2020, which will make it one of the country’s largest polluters. Recent studies have shown that between 2011 and 2015 energy efficient buildings in China have the potential to save energy from around 45 million tons of burnt coal.
The government intends to implement its plans through a range of incentives and subsidies outlined by a specific green grading system. Those at the top of the grade will receive subsidies of equivalent to $12 per square metre, while those in the second tier will receive around $7 per square metre.
The government will also boost the number of green buildings by ensuring that all new low-income housing and public welfare projects apply to these same green standards by 2014.
According to Wang Youwei, the deputy head of the China Association of Building Energy Efficiency, the potential for green construction in China is huge with energy-efficient buildings accounting for less than 40 million square metres at present.
In addition to being the world’s largest producer of renewable energy China could also become its largest creator of green buildings. The country is now a world leader in a number of fast growing technologies of which green buildings is just one. China’s tallest building, the Shanghai Centre already leads the way boasting a 3 Star Green Building Rating.
Watch this space for more information on China and its green building developments, or alternatively head down to MIPIM 2013, March 12-15 at the Palais des Festivals, Cannes. Here at EAS we can promise you the best hotel rooms, the most sought-after rented apartments and even the odd luxury yacht or two. With our expert knowledge we’ll make sure your stay will be one you don’t forget. Click on this link to fill in our request form.