The USGBC has tweaked its checklist in response to criticism. LEED's revised standards have added so-called innovation points, a catchall category for design concepts that go above and beyond the checklist. The new standards also disqualify any building that doesn't score at least a two out of 10 for energy efficiency. Horst says the next revision of the standards, due out in 2008, will be weighted to give even more importance to energy use. But closing the loopholes in the checklist will take the USGBC only so far. In Europe, which has had baseline standards for energy efficiency since the mid-1990s, all new buildings are green buildings, at least to some extent. So while American buildings are green by the grace of Goldman Sachs, London offices are green regardless of whether the client cares about the environment, or needs a shot of good PR.
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....All short-sighted criticisms
Yes, people game the system to get certification. However, the LEED program raises awareness of green building principles, allows people to develop sound benchmarks for future construction, gets manufacturers up and down the supply pipeline providing alternatives to some very uncool materials, etc. Yes, many LEED certifications are done purely for marketing purposes, but for people who actually WANT to build green buildings the program has a greater impact than just providing the finished building with an 'eco-friendly' stamp. Where I work, I think most people would agree that there are problems with it, but that overall it does a lot more good than harm. And one of the big knocks against it is the cost of the certification itself, which certainly wouldn't be helped by making it more rigorous. ie, if someone had to go and research the full environmental impact of each individual project, taking into account all possible externalities.
It's vastly better than the do-nothing alternative, although it presents a bigger target for the h8ers. :)
For example, that new house by Mukesh Ambani I believe qualifies despite being a ridiculous monstrosity.