Through public-private partnerships, IFC works with governments to mobilize private capital and harness the expertise of the private sector in the construction of green buildings, whether airports, schools, or healthcare facilities.
In parts of the world with high energy tariffs, government-subsidized green buildings pay their own way. But no matter where green buildings are built, they require only a few years of operation to pay back capital costs due to operational efficiencies. By taking a proactive approach, governments can construct green buildings that reduce cost, increase living standards, and protect the environment.
The public sector in emerging markets has become increasingly aware that sustainable building has a multitude of benefits:
Avoiding emissions growth from rising population.
Bolstering energy security due to less fossil fuel imports.
Minimizing resource depletion.
Reducing operational and maintenance expenses.
Providing a market stimulus for innovative products.
IFC’s Advisory Services works with governments and regulators on the national and municipal levels to build capacity for green buildings through policy and regulatory support. Our technical assistance includes sector studies, design guidance, and benchmarking.
Through public private partnerships, IFC works with governments to mobilize private capital and harness the expertise of the private sector in the construction of green buildings, whether airports, schools, or healthcare facilities.
The commercial building sector in Lebanon can go green, thanks to a partnership between the Lebanon Green Building Council and IFC that produced the country’s ARZ Green Building Rating System. Developed with IFC technical assistance, the new system will help building owners assess their environmental impact and reduce energy and water waste. Once widely adopted, the system will encourage owners to achieve higher certification levels to attract discerning tenants.
IFC has partnered with the government of Jakarta to develop a green buildings code for the Indonesian capital. The new code sets energy and water efficiency requirements for buildings and requires climate change adaptation practices in building designs. Implementation of the code is expected to eliminate 2.7 million tons of CO2 per year by 2020, which is equivalent to carbon sequestered annually by 60 million trees.