A new study from the U.S. Green Building Council and Booz Allen Hamilton reports that green building will support 7.9 million U.S. jobs from 2009 to 2013 and will add $554 billion, including $396 billion in wages, to the U.S. economy during that same time frame. According the study, green construction spending currently supports more than 2 million jobs, and contributed $173 billion to the U.S. gross domestic product from 2000 to 2008.
In conducting the study, USGBC tasked Booz Allen Hamilton with estimating the number of jobs associated with green building. In doing so, Booz Allen Hamilton both examined the number of jobs created by the green building construction market from 2000 to 2008 and sought to forecast the number of jobs that will be created from this market from 2009-2013. The study does not differentiate between green jobs and traditional jobs that have been modified to take advantage of new green technologies, but rather calculated only the total number of jobs created by green building investment. The study also examined the number of jobs created by or estimated to be created as a result of investments and developments under the LEED rating system.
In terms of the economic impact of the total green construction market, findings include forecasts that:
the market’s contribution to the U.S. gross domestic product will rise from $173 billion in 2000-2008 to $554 billion from 2009-2013;
jobs created or saved will rise from 2.4 million from 2000-2008 to 7.9 million from 2009-2013;
wages will rise from $123 billion from 2000-2008 to $396 billion from 2009-2013;
energy savings will rise from $1.3 billion saved from 2000-2008 to $6 billion saved from 2009-2013.
Examining the economic impact of LEED-specific spending (however, not the value of LEED-certified buildings as a whole), the report forecasts that:
contributions to the U.S. GSP will rise from $830 million (2000-2008) to $12.5 billion (2009-2013);
jobs created or saved will rise from 15,000 (2000-2008) to 230,000 (2009-2013);
wages will rise from $703 million (2000-2008) to $10.7 billion (2009-2013);
energy savings will increase from $281 million saved from 2008-2009 to 44.8 billion saved from 2009-2013.
The entire report is available for download at www.usgbc.org/greeneconomy