Lux Research released a study July 5 finding that the United States, Singapore, South Korea, Australia, and Germany are the top global hotspots for green building investment.

According to Lux Research's report, buildings consume the majority of the world’s energy and are responsible for a majority of the anthropogenic carbon dioxide emissions. Energy security, environmental, and livability concerns are driving governments across the world to adopt policy measures promoting green buildings. Policy measures, along with the ability to pay, payback periods, and addressable market size, should determine a firm’s decision on which countries to invest precious market development funds in. In the report, Policy’s Dramatic Impact on Green Buildings: The Global Hotspots, 21 countries were examined on the Lux Nations Ranking Chart, and Lux projects how the unique policy drivers in each country create an opportunity for specific green-building technologies.

The study concluded that the countries are perfect for such expenditures because of high per-capita income and policies that encourage green investment.