World Green Building Council and IFC Join Forces for Promoting Sustainable Construction

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The World Green Building Council and IFC, a member of the World Bank Group are joining forces in an effort to rapidly scale up sustainable construction in emerging markets.

The partnership perfectly demonstrates the commitment of both the WorldGBC and IFC to play a leading role in transforming the urban environment of emerging markets and mitigate climate change.

It’s understood that the WorldGBC has agreed to connect its network of national green building councils to IFC’s investment and advisory programme. The WorldGBC’s local affiliate councils will certify green buildings through IFC’s new web application, EDGE.

EDGE reveals solutions at the early design stag to reduce energy, water and material consumption by up to 20 percent.

The partnership will focus on rapidly urbanising countries with surging population growth that need to build sustainably to avoid emissions growth, bolster energy security, and minimise resource depletion.

The built environment is expected to double by 2050; China alone has the potential to add 53 billion square meters of building space, which is equivalent to the building stock of Latin America today.

To date, IFC has invested more than $570 million in resource-efficient buildings, including directly and through financial intermediaries. IFC has also worked with the governments of Colombia, Indonesia, the Philippines, and Vietnam to help develop their regulatory environments.

Principal Industry Specialist for Green Buildings at IFC, Prashant Kapoor commented:

“By leveraging the capabilities of the World Green Building Council and IFC, together we can provide accessibility to the entire green building industry while addressing the core needs of developing countries. It is a window of opportunity to democratise the green buildings market.”

CEO of WorldGBC, Jane Henley added:

“The business case for green buildings continues to drive change throughout the world. The WorldGBC and IFC are organisations dedicated to transforming the marketplace so that all buildings are more sustainable and efficient. Together, as leaders in this movement, we have an opportunity to directly affect sustainability on a global scale.”

Source: Construction Digital

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