WorldGBC, IFC pledge to rapidly scale up green construction in emerging markets
IFC, a member of the World Bank Group, and the World Green Building Council (WorldGBC) are collaborating to rapidly scale up the construction of green buildings in emerging markets. WorldGBC has agreed to connect its network of national green building councils to IFC’s investment and advisory program. WorldGBC’s local affiliate councils will certify green buildings through IFC’s EDGE, a new web application that reveals solutions at the early design stage to reduce energy, water, and material consumption by 20%. To date, IFC has invested more than $570 million in resource-efficient buildings, including directly and through financial intermediaries.