Chinese firms more willing to embrace green agenda

Chinese organizations have exhibited a higher level of willingness to increase spending in energy efficiency projects, a trend that surpasses their global peers and offers big opportunities for green building solution providers, according to an industry executive.

Around 70 percent of commercial and industrial institutions in China said they plan to increase their energy efficiency and renewable energy investments, higher than the global average of 59 percent, sustainable building solutions provider Johnson Controls revealed in its latest Energy Efficiency Indicator Survey for 2018.

Meanwhile, Chinese entities are generally more willing to pay a premium to lease space in a certified green building, with 63 percent expressing such readiness compared with 51 percent globally, signaling a "vibrant and growing business environment", said Clay Nesler, the company's vice-president of global energy and sustainability.