Green Building Geography Across the United States: Does Governmental Incentives or Economic Growth Stimulate Construction?
Real Estate Law Journal, Vol. 43, No. 1, 2014
33 Pages Posted: 8 Jun 2013 Last revised: 19 Jun 2014
Date Written: May 1, 2013
As green building activity continues to rise across the country, some state governments decided to create incentives that would motivate developers to voluntarily pursue third party certification for their real estate projects in order to assist in meeting sustainability and environmental goals. Despite the growing number of studies in green buildings, the geography of green buildings and sustainable construction only includes a few studies, which emphasize the lack of green building research from the spatial perspective and their relevance to public policies the lack of green building research from the spatial perspective and their relevance to public policies. This study analyses spatial distributions of certified green buildings in relation to governmental incentives deemed necessary to further environmentally friendly public policies that embrace sustainable construction practices while applying a regression analysis over time to determine the impact of such a course of action in relation to economic growth. This study focuses on each of the six states that applied tax incentives. The regression analysis between the number of certified green buildings and Gross Domestic Product in each state shows positive correlation between the two indicating an economic growth is a significant factor to explain the growth in green buildings.
Keywords: Green Buildings, LEED, USGBC, Green Globes, Green Building incentives
JEL Classification: K34, R1, R14, R12, R52, R58, K32
Suggested Citation: Suggested Citation