Asia-Pacific, which will house half the world’ urban population by 2030, has potential to grab US$17.8 trillion worth of opportunities investment, primarily in residential buildings, International Finance Corporation (IFC) reported today (Dec 4). A member of the World Bank Group highlighted how investors can tap into enormous potential in green buildings.
The floor area of the buildings that dot our skylines is expected to double by 2060. The majority of this construction boom will occur in emerging markets, particularly in middle – income countries experiencing high population growth, rapid urbanization, and income growth.
“Green construction is one of the largest investment opportunities of the next decade that can spur low-carbon economic growth and create skilled jobs for decades to come.”
Based on the report, in emerging markets alone, green buildings will offer a $24.7 trillion investment opportunity, which will spur economic growth and accelerate sustainable development. Further, with 80 million people projected to enter Asia’ middle class in the next few years, the demand for housing will continue to rise. India alone needs an estimated 60 million additional housing units between 2018 and 2022 to meet the existing shortfall.