Switching to greener technologies in construction and operation of buildings and materials, combined with more climate-friendly capital markets, could reduce the construction value chain’s carbon footprint 23 percent by 2035, while creating investment opportunities in emerging markets, according to a major report from the International Finance Corporation.
Building Green, a new flagship report by IFC, shows green buildings are a $1.5 trillion investment opportunity in emerging markets. It lays out a roadmap to help reduce global construction emissions by 23%, with over half in emerging markets:
- Policymakers: adopt building codes & standards, improve disclosure regulations and remove bottlenecks to private investors;
- Investors: use innovative financial tools to drive capital toward green construction;
- Development finance institutions: leverage blended finance, supranational funds and anchor investor roles;
- Developers: switch to renewables, greener designs, processes, and materials.
Link to immersive story: https://www.ifc.org/en/stories/2023/mexico-blueprint-green-buildings
Link to video: https://www.youtube.com/watch?v=767eBZqwBiU
