Navigant: Revenue from energy efficient buildings to rise from $307B in 2014 to $623B by 2023

By: InnovatioNews Monday December 29, 2014 0 comments Tags: Boulder, energy efficiency, Navigant, Noah Goldstein


Navigant Research logo newBOULDER - Worldwide revenue from energy-efficient buildings is expected to grow from $307 billion this year to nearly $623 billion in 2023, according to a new report from Navigant Research.

Concerns about increasing energy costs are driving many organizations to look to their existing building stock for ways to reduce operating costs, the report said.

"Services that would have seemed costly or unnecessary to building owners 5 to 10 years ago - such as corporate sustainability initiatives focused on energy efficiency - are becoming increasingly mainstream," said Noah Goldstein, Navigant research director.

"Energy efficiency can help governments to reduce the carbon intensity of local and national economies and corporations reduce costs as well as their carbon footprints."

Barriers to broad adoption of energy-efficiency measures center around cost, according to the report. In many nations, energy costs remain less than 10 cents per kilowatt-hour for commercial customers, making paybacks of many energy-efficiency measures difficult to justify.

An executive summary of the report, "Energy Efficient Buildings: Global Outlook," is available for free download from the Navigant Research website.

About the Author: InnovatioNews

InnovatioNews is an online news magazine spotlighting innovative companies, products and people in Colorado. Launched in June of 2012, the site is the recipient of multiple awards.