Both the materials and the constructions sector are set to increase their greening businesses by 17 % a year over the next 3 years, faster than the other industry sector, according to research published this week.
All sectors will increase their spending in the green markets by 11-17% a year but construction will outpace 19 other areas of the economy, the report by the environmental consultancy Verdantix predicts.
The survey then looked at the spending predictions of 457 companies worth $1bn (£0.6bn) or more, including 30 from construction and materials, with Balfour Beatty and materials giant Wolseley, two of the firms featured.
Construction and materials currently accounts for 7%of the country’s climate change and sustainability spending, with a total of $363m (£224m) in 2010. A quarter of this spending went towards industrial emissions reductions, while almost a fifth of the money went on sustainable product development.
