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Energy costs 'boost green building'

With energy prices soaring and governments offering incentives, the number of building owners attempting to reduce energy consumption has increased, a survey has found.

According to the international study, which was led by Johnson Controls’ Institute for Building Efficiency, the International Facility Management Association and the Urban Land Institute, making energy cost savings is the number one motivation for conducting green projects.

But the poll of nearly 4,000 building owners and operators revealed that other motivations were high on the list, with government incentives coming second and boosting public image following at third.

This year’s survey showed that reducing greenhouse gases is the fourth-highest motivation, which was ranked second in the 2010 poll.

With rising energy costs, 80 per cent of those questioned expected to experience a surge in energy price increases over the next year. Therefore, owners are planning to hit an energy reduction target of 12 per cent, the survey found.

But owners and operators have cited a number of obstacles to achieve their goals. The most common barriers faced were access to funding and financial returns.

Barriers to capital access was top of the list for those questioned in USA, Canada and Europe.