IFC and World Green Building Council have entered a partnership to rapidly scale up the construction of green buildings in emerging markets.
"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," said Prashant Kapoor, Principal Industry Specialist, Green Buildings, IFC.
"It is a window of opportunity to democratize the green buildings market."
The WorldGBC has agreed to connect its network of national green building councils to IFC's investment and advisory program.
The 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 percent.
The partnership will focus on rapidly urbanizing countries with surging population growth that need to build sustainably to avoid emissions growth, bolster energy security, and minimize resource depletion.