Governments can adopt from a wide variety of incentives – some of which are cost-free – to stimulate green building growth. Depending on the level of ambition, the development of an entire green building value chain can be triggered with benefits that trickle down to user reality. Outcomes include a start-up market of green-tech products and services, protection of the under-privileged from utility shocks, conservation of natural resources and establishing a healthier and more socially uplifting environment.
Tax incentives, density bonuses and expedited permitting are among the most effective ways to make green design economically viable for developers. But there are other options as well.
In addition to incentivizing the market, governments can endorse a green building certification system such as EDGE. This sends a signal to developers that there is an authorized system on the market that recognizes the creation of citizenship products.