New report highlights economic projections in the green building sector

CaGBC released a new report on the state of the green building sector in Canada that shows projections for growth out to 2030. Entitled Canada’s Green Building Engine: Market Impact and Opportunities in a Critical Decade, the report indicates that Canada’s green building sector can contribute 1.5 million jobs and $150 billion in Gross Domestic Product (GDP) by 2030, while cutting greenhouse gas emissions (GHG) by 53 megatonnes compared with 2018 levels.

The report also notes that in 2018, the green building industry added 164,260 jobs, which is 55 per cent greater than in 2014. Over the same period, Canada’s oil and gas extraction, mining, and forestry industries stagnated in terms of job growth, contracting by 2.8 per cent or 7,580 positions.

New construction accounts for 80 per cent of all green building, it states. However, the increasingly urgent climate challenge will drive the need to retrofit existing buildings. Currently green retrofits account for one in five jobs in green building construction and trades.

“This report offers a definitive look at Canada’s green building industry and far-reaching economic, environmental, and social benefits,” said Thomas Mueller, president and CEO of CaGBC. “It details the growth of the green building industry into a mature sector of the Canadian economy, which now generates more jobs than oil and gas extraction, mining, and forestry combined.”

Anyone interested in learning more can visit cagbc.org/greenrecovery. 

Read the executive summary
Download the full report

www.cagbc.org

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