New Harvard Business School Working Paper about public sector green building’s influence on private sector development

06 May

In a recent Harvard Business School Working Paper entitled “Public Procurement and the Private Supply of Green Buildings”, researchers Timothy Simcoe and Michael W. Toffel examined the impact of environmentally friendly government procurement policies on private-sector adoption of the targeted products.

The authors found that municipal government green building procurement policies that apply only to municipal buildings also accelerate the use of green building practices in the private sector, both in the cities with these policies as well as in neighboring cities. They also found that such government policies encourage private-sector investment in complementary services, which likely reduces green building costs to private developers.

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