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ABILITY
Green growth in
AIN
Australia and India
SUST
Why Australia is committed to environmentally sustainable investment locally and
internationally. By Romilly Madew, Chief Executive, Green Building Council of Australia.
The challenges our planet faces – particularly climate
Greening Australia
change and sustainable economic development – In Australia, the property industry recognised the need
are global in nature and so require global solutions. for urgent action in 2002, and established the Green
The building sector, which consumes as much as Building Council of Australia (GBCA) to develop a
40 per cent of the world’s energy, 12 per cent of its sustainable property industry and drive the adoption of
water and contributes 40 per cent of the waste sent to green building practices.
landfill, is a major part of this global problem. However, Since then, the GBCA’s membership has grown to
the building sector can be an even bigger part of the more than 815 organisations from a broad cross section
solution. Eco construction projects are good for the of industry and government.
planet and make sound financial sense. They also offer We launched the Green Star environmental rating
new commerce opportunities for investors between tools for buildings in 2003, which has resulted in more
Australia and India. than 170 projects around Australia receiving certification
for their green attributes. A further 300 plus projects are
registered for certification and, indeed, 11 per cent of
FAst FAct:
commercial buildings in Australian city centres are now
A report released early
Green Star certified. There are also now real investment
in 2009 by research firm opportunities beyond commercial buildings, with Green
Davis Langdon found that
Star rating tools now available for healthcare facilities,
refurbishing a significant
schools and universities, industrial facilities, retail centres
quantity of office stock
across Australia would
and multi-unit residential dwellings.
create jobs for more
The GBCA is now broadening its focus to examine
than 10,000 people in the how we build and support sustainable communities, and
construction industry
is in the process of developing a framework to inform
– which translates into
consumers about achievable and desirable levels of
almost 27,000 new jobs
across the broader
sustainability, and to raise industry standards and deliver
economy. best practice against measurable benchmarks. With a
Romily Madew number of new precincts being developed over the next ➤
86 INVEST IN AUSTRALIA – INDIA
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